TaxTMI 
TaxTMI 
Definitions
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.... Securities and Exchange Board of India or SEBI; d. "control" shall have the same meaning as defined under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; e. ―"emergency" means the need of funds by the trust to meet the commitment arising out of the objective of the scheme; f. ―"employee" means, - ^1[(i) a permanent employee of the company who has been working in India or outside India; or (ii) a director of the company, whether a whole time director or not but excluding an independent director; or (iii) an employee as defined in clause (i) or (ii) of a subsidiary, in India or outside India, or of a holding compa....
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.... the option or SAR granted to him in pursuance of the schemes covered under Part A or Part C of Chapter III of these regulations, as the case may be; l. ―general employee benefits scheme or "GEBS" means any scheme of a company framed in accordance with these regulations, dealing in shares of the company or the shares of its listed holding company, for the purpose of employee welfare including healthcare benefits, hospital care or benefits, or benefits in the event of sickness, accident, disability, death or scholarship funds, or such other benefit as specified by such company; m. ―"grant" means the process by which the company issues options, SARs, shares, or any other benefits under any of the schemes; ....
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....e an option in pursuance of ESOS; u. ―"promoter" shall have the same meaning assigned to it under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009; v. ―"promoter group" shall have the same meaning assigned to it under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009: Provided where the promoter or promoter group of a company is a body corporate, the promoters of that body corporate shall also be deemed to be promoters of such company; w. ―relative shall have the same meaning as defined under section 2 (77) of the Companies Act, 2013; x. ―relevant date means....
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....ity shares or securities convertible into equity shares; ze. ―"stock appreciation right or SAR" means a right given to a SAR grantee entitling him to receive appreciation for a specified number of shares of the company where the settlement of such appreciation may be made by way of cash payment or shares of the company. Explanation.- An SAR settled by way of shares of the company shall be referred to as equity settled SAR; zf. ―stock appreciation right scheme or SAR scheme‖ means a scheme under which a company grants SAR to employees; zg. ―"trust" means a trust established under the provisions of Indian Trusts Act, 1882 including any statutory modification or re-enactment thereof, ....