Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 Chapters List Chapter IVB FRAMEWORK FOR UNIT BASED EMPLOYEE BENEFIT SCHEME This
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Regulation 17H - Nature of scheme and implementation of scheme through trust - Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014Extract 1 [Nature of scheme and implementation of scheme through trust. 17H . (1) The unit based employee benefit scheme shall be in the nature of employee unit option scheme. (2) Any offer of a unit based employee benefit scheme by the investment manager shall not result in any additional cost to the InvIT, its HoldCo and SPV. (3) The unit based employee benefit scheme shall be implemented through a separate employee benefit trust which shall be created by the investment manager. (4) The investment manager shall ensure that the trust deed under which the employee benefit trust is formed contains provisions specified in Part A of Schedule IX of these regulations. ] ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/192 dated 09-07-2024
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