Regulation 26 - Administration and implementation - Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014

PART D : GENERAL EMPLOYEE BENEFITS SCHEME (GEBS) Administration and implementation. 26. (1) Subject to the provisions of these regulations, GEBS shall contain the details of the scheme and the manner in which the scheme shall be implemented and operated. (2) At no point in time, the shares of the company or shares of its listed holding company shall exceed ten per cent of the book value or market value or fair value of the total assets of the scheme, whichever is lower, as appearing in its latest balance sheet for the purposes of GEBS.