Samrudhi Enterprises Ltd. established a Trust. The Trust holds some shares of the company obtained by it for the purpose of implementation of Share Based Employee Benefit Scheme in the company. Answer the following in th
CS Executive · Securities Laws and Capital Markets · PYQS · December 2023
Samrudhi Enterprises Ltd. established a Trust. The Trust holds some shares of the company obtained by it for the purpose of implementation of Share Based Employee Benefit Scheme in the company. Answer the following in the light of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021: (i) In what manner the shares held by the Trust will be disclosed to the stock exchange ?
Answer & Explanation:
As per Regulation 3(9) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, for the purpose of disclosures to the recognised stock exchange, the shareholding of the trust shall be shown as 'non-promoter and non-public' shareholding. Therefore, Samrudhi Enterprises Ltd. must disclose the shares held by its Trust under this specific category in its shareholding pattern submitted to the stock exchange.
Topics: SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
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