Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) (Second Amendment) Regulations, 2025

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.... BASED EMPLOYEE BENEFITS AND SWEAT EQUITY) (SECOND AMENDMENT) REGULATIONS, 2025 F. No. SEBI/LAD-NRO/GN/2025/284.─In exercise of the powers conferred by sections 11, 11A and 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with sections 54 and 62 of the Companies Act, 2013 (18 of 2013) and rules 8 and 12 of the Companies (Share Capital and Debentures) Rules, 201....

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....ion 247 of the Companies Act, 2013 (18 of 2013) as amended from time to time;" II. In regulation 34,- i. in sub-regulation (1), the words and symbol "a merchant banker." shall be substituted with the words and symbol "an independent registered valuer:", and thereafter the following proviso shall be inserted,- "Provided that a merchant banker shall complete the ongoing va....