Question : For which purpose SEBI has recently formed an expert group ?
(a) To review norms related to share-based staff benefit
(b) To review norms related to promoter’s benefit
(c) To review norms related to joint ventures
(d) All above
Answer (a)
Related facts
- SEBI has recently(November, 2020) formed an expert group.
- This expert group will review the framework of share-based employee benefit and issue of sweat equity.
Sandip Bhagat
- Sandip Bhagat is currently a partner at S&R Associates.
- He would be chaired the above mentioned expert group.
Structure of expert group
- Structure of expert group is as follows :-
| Name | Position held in expert group | Introduction |
| Sandip Bhagat | Chairman | A partner at S&R Associates |
| Santosh Haldankar | Member | Company secretary of HDFC Bank |
| Vikram Shroff | Member | Belongs to Nishith Desai Associates |
| Narayan Shankar | Member | Company secretary of M&M |
| Pavan Vijay | Member | Founder of Corporate Professionals |
| M Sanaulla Khan | Member | Company secretary of Wipro |
| Jeevan Sonparote | Member | Sebi’s Chief General Manager |
Sweat equity shares & SBEB
- Sweat equity shares, generally, issued by a company to its employees at a discount or for consideration other than cash.
- SBEB (Share based employee benefits) are five types :-
i. employee stock option schemes;
ii. employee stock purchase schemes;
iii. stock appreciation rights schemes;
iv. general employee benefits schemes; and
v. retirement benefit schemes
By — Pankaj Pandey.