Regulatory Alerts2025-09-08
Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) (Amendment) Regulations, 2025
The Securities and Exchange Board of India issued the 2025 Amendment Regulations to modify the 2021 Share Based Employee Benefits and Sweat Equity Regulations. The amendment inserts a new Regulation 9A that permits employees identified as promoters or part of the promoter group in an IPO draft offer document to hold or exercise previously granted options, SARs, or benefits. This eligibility is conditional upon the benefits being granted at least one year prior to the filing of the draft offer document and compliance with all applicable laws.
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