TaxTMI 
TaxTMI 
TaxTMI 
Definitions.
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....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 issue of sweat equity shares, means, - (i) an employee as designated by....
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.... "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" 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 compa....
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....tal 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 stock exchange having higher trading volume shall be considered as the market price; (y) "merchant banker" means a merchant banker as defined under regulation 2(1)(cb) of the Securities and Exchange Board of India (Merchant Bankers) Regulations, ....
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....er 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 accordance with these regulations, dealing in shares of the company or the shares of its listed holding company, for providing retirement benefits to the employees subject to compliance with existing rules and regulations as applicable under laws relevant to retirement benefits in India; (jj) "SAR grantee" means an employee to whom ....
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....iation 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 which does not, directly or indirectly, involve dealing in or subscribing to or purchasing, securities of the company. (rr) "stock appreciation right scheme or SAR scheme" means a scheme under which a company grants SAR to employees; (ss) "sweat equity shares" means sweat equity shares as defined in sub-section (88) of section 2 of the Companies Act, 2013 (18 of 2013); (tt) "Schedule" means a schedu....