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of <h1>Regulation 17G allows managers to alter unit-based employee schemes with unitholder approval, ensuring no harm to employees.</h1> Regulation 17G of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, allows managers to vary the terms of a unit-based employee benefit scheme if it does not harm employee interests. Unitholder approval is required for such variations, except when fulfilling legal or regulatory obligations. Notices for resolutions must fully disclose variation details, rationale, and beneficiary information. Managers can reprice unexercised options if market conditions render the scheme unattractive, ensuring no detriment to employees and obtaining unitholder approval.
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