This case study examines the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, using ABC Ltd. as an example. It clarifies rules around issuing sweat equity shares, including eligibility for employees working abroad and non-executive directors, and pricing regulations. The document also addresses frequently asked questions regarding various share-based employee benefit schemes, their applicability, and necessary approvals. This resource is valuable for companies and employees seeking to understand compliance with SEBI regulations.