Informal Guidance to proposed to be listed company: Extending share-based employee benefits to employees of a subsidiary company

Affluence Advisory | Last updated: 08 February 2023

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SEBI has issued informal guidance to Kids Clinic India Ltd regarding the eligibility of employees for share-based benefits. The guidance clarifies who qualifies as an 'eligible employee' under the Share Based Employee Benefit Regulations, 2021. Specifically, it addresses whether doctors exclusively employed by a subsidiary, who also provide services to the parent company and group, can receive employee stock options.

Q1. To whom is this informal guidance given by SEBI and it is on what provision that company is seeking informal guidance? SEBI has given informal guidance to a company named Kids Clinic India Ltd [Company]. It is interpretative informal guidance where SEBI has given its view on who will be categorized as eligible employee as per Section 2(1)(i) of Share Based Employee Benefit Regulations, 2021 [SBEB 2021] for availing share based employee benefits. Q2. What are the facts of this case

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