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        SEBI

        Regulation 21 - Administration and implementation.

        Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
        Part B
        EMPLOYEE STOCK PURCHASE SCHEME (ESPS)

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        Employee stock purchase scheme governance requires detailed implementation and operational terms under regulatory provisions, with compliance required. Each ESPS must specify the detailed manner in which the scheme will be implemented and operated, including operational mechanics, governance and administrative procedures, and conditions for employee participation, subject to applicable regulatory provisions.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Employee stock purchase scheme governance requires detailed implementation and operational terms under regulatory provisions, with compliance required.

                                Each ESPS must specify the detailed manner in which the scheme will be implemented and operated, including operational mechanics, governance and administrative procedures, and conditions for employee participation, subject to applicable regulatory provisions.


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