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of <h1>SEBI Extends Deadline for Employee Benefit Schemes Alignment with New Regulations; Secondary Market Acquisitions Still Prohibited.</h1> The Securities and Exchange Board of India (SEBI) has extended the timeline for aligning employee benefit schemes with the SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999. This extension will last until new regulations are notified, following SEBI Board's approval of proposals for new regulations concerning employee benefit schemes involving company shares. Until alignment with the new regulations, acquiring securities from the secondary market remains prohibited. This decision is made under the authority of the SEBI Act, 1992, and further details are available on the SEBI website.
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