Shareholding limit for GEBS restricts company or holding company shares relative to scheme assets; auditor must certify compliance. GEBS must set out scheme details and implementation. Shares of the company or its listed holding company allotted under GEBS shall not exceed ten per cent of the scheme's total assets measured by book value, market value or fair value, whichever is lower, as per the latest balance sheet (audited or limited reviewed). The secretarial auditor must certify compliance with this asset-based shareholding limit at the time the balance sheet is adopted.