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Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Notification issues the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) (Second Amendment) Regulations, 2025, effective thirty days after publication in the Official Gazette. The amendment aligns the definition of "valuer" in regulation 2(1)(ww) of the 2021 Regulations with section 247 of the Companies Act, 2013, as amended from time to time. Regulation 34(1) is modified to require valuation by an independent registered valuer instead of a merchant banker, while permitting merchant bankers to complete ongoing valuation assignments within nine months of the amendment's commencement. Existing sub-regulations 34(2) and 34(3) are omitted.
Notification issues the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) (Second Amendment) Regulations, 2025, effective thirty days after publication in the Official Gazette. The amendment aligns the definition of "valuer" in regulation 2(1)(ww) of the 2021 Regulations with section 247 of the Companies Act, 2013, as amended from time to time. Regulation 34(1) is modified to require valuation by an independent registered valuer instead of a merchant banker, while permitting merchant bankers to complete ongoing valuation assignments within nine months of the amendment's commencement. Existing sub-regulations 34(2) and 34(3) are omitted.
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