"SEBI Share Based Employee Benefits Regulations shall apply to any company, whether listed or not on any recognised stock exchanges in India and has a scheme". Comment on the statement. Discuss the scheme or purpose of t

The provisions of SEBI (Share Based Employee Benefits) Regulations, 2014 shall apply only to a company whose shares are listed on a recognised stock exchange in India and has a scheme. Hence the statement given in the question is not correct. Further the provision of these regulations shall only apply, if the company is having a scheme: for direct or indirect benefit of employees, involving dealing in or subscribing to or purchasing securities of the company, directly or indirectly and satisfying, directly or indirectly, any one of the following conditions: the scheme is set up by the company or any other company in its group; the scheme is funded or guaranteed by the company or any other company in its group; the scheme is controlled or managed by the company or any other company in its group.