SEBI Circulars No. CIR/CFD/DIL/3/2013 dated January 17, 2013, CIR/CFD/DIL/7/2013 dated May 13, 2013 and CIR/CFD/POLICYCELL/14/2013 dated November 29, 2013 - Extension of time line for alignment
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Alignment of employee benefit schemes extended until new regulations are notified, while secondary market acquisition remains prohibited. Existing employee benefit schemes must be aligned with SEBI (ESOS and ESPS) Guidelines, 1999, but the timeline for such alignment is extended until new regulations are notified; the existing prohibition on acquiring securities from the secondary market remains in force until schemes are aligned with the new regulations.
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.
Alignment of employee benefit schemes extended until new regulations are notified, while secondary market acquisition remains prohibited.
Existing employee benefit schemes must be aligned with SEBI (ESOS and ESPS) Guidelines, 1999, but the timeline for such alignment is extended until new regulations are notified; the existing prohibition on acquiring securities from the secondary market remains in force until schemes are aligned with the new regulations.
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