TaxTMI 
TaxTMI 
Definitions.
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....ion 2(6) of the Companies Act, 2013 (18 of 2013); (d) "Board" means the Securities and Exchange Board of India; (e) "company" shall have the same meaning as defined under section 2(20) of the Companies Act, 2013 (18 of 2013); (f) "control" shall have the same meaning as defined under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; (g) "director" shall have the same meaning as defined under section 2(34) of the Companies Act, 2013 (18 of 2013); (h) "emergency" means a situation wherein the trust is in need of funds to meet the commitment(s) arising out of the objective(s) of the scheme; (i) "employee", except in relation to i....
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....d SARs in pursuance of the schemes covered under Part A or Part C of Chapter III of these regulations, as the case may be; (m) "exercise period" means the time period after vesting within which an employee can exercise his/her right to apply for shares against the vested option or appreciation against vested SAR in pursuance of the schemes covered under Part A or Part C of Chapter III of these regulations, as the case may be; (n) "exercise price" means the price, if any, payable by an employee for exercising the option or SAR granted to such an employee in pursuance of the schemes covered under Part A or Part C of Chapter III of these regulations, as the case may be; (o) "general employee benefits scheme or GEBS" ....
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....f India (Listing Obligations and Disclosure Requirements) Regulations, 2015; (v) "initial public offer or IPO" shall have the same meaning assigned to it under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018; (w) "key managerial personnel" shall have the same meaning as defined under section 2(51) of the Companies Act, 2013 (18 of 2013); (x) "market price" means the latest available closing price on a recognised stock exchange on which the shares of the company are listed on the date immediately prior to the relevant date. Explanation,-If such shares are listed on more than one recognised stock exchange, then the closing price on the recognised s....
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.... of the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 and includes a share transfer agent as defined under regulation 2(g) thereof, which is registered under section 12 of the Act; (gg) "relative" shall have the same meaning as defined under section 2(77) of the Companies Act, 2013 (18 of 2013); (hh) "relevant date" means,- a. in the case of grant, the date of the meeting of the compensation committee on which the grant is made; or b. in the case of exercise, the date on which the notice of exercise is given to the company or to the trust by the employee; (ii) "retirement benefit scheme or RBS" means a scheme of a company framed in acc....
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....ares and includes American Depository Receipts, Global Depository Receipts or other depository receipts representing underlying equity shares or securities convertible into equity shares; (qq) "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 1,-A SAR settled by way of shares of the company shall be referred to as equity settled SAR. Explanation 2,-For the purpose of these regulations, any reference to stock appreciation right or SAR shall mean equity settled SARs and does not include any scheme ....