In view of the COVID-19 pandemic situation and to provide relief to the families of the deceased employees of listed companies, the SEBI has decided that the provisions under the SBEB Regulations relating to minimum vesting period of one year shall not apply in case of death (for any reason) of an employee and in such instances all the options, SAR or any other benefit granted to such employee(s) shall vest with his/her legal heir or nominee on the date of death of the employee.In view of the COVID-19 pandemic situation and to provide relief to the families of the deceased employees of listed companies, the SEBI has decided that the provisions under the SBEB Regulations relating to minimum vesting period of one year shall not apply in case of death (for any reason) of an employee and in such instances all the options, SAR or any other benefit granted to such employee(s) shall vest with his/her legal heir or nominee on the date of death of the employee.taxmann.com Latest Statutory HappeningsRead More
