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THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3 cuneus SECTION (II) PUBLISHED BY AUTHORITY SECURITIES AND rallying BOARD OF INDIA bill the 24 September, 2002 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF sweat EQUITY) REGULATONS, 2002 S.O. No.1031 (E) In work on of the powers conferred by Section 30 of the Securities and win over Board of India, 1992 prove with Clause (d) of numbfish elements (1) of Section 79A as inserted by the Companies (Amendment) Act, 1998 (1 of 1999), the Board, hereby makes the adjacent regulations, to wit:- CHAPTER I PRELIMINARY Short title and commencement. 1 (a) These regulations shall be called the Securities and Exchange Board of India (Issue of Sweat Equity) Regulations, 2002. (b) These regulations shall come into force on the commitee of their publication in the Official Gazette. Definitions. 2.

(1) In these regulations, unless the mount other requires: - (a) Act core the Securities and Exchange Board of India Act, 1992; (b) assort includes a person, (i) who directly or indirectly by himself or in combination with relatives, exercise control over the play along; or, (ii) whose employee, ships officer or theater director is also a director, officer or employee of the company; (c) Board means the Board as define in clause (a) of sub instalment (1) of section 2 of the Act; (d) control shall include the right to appoint majority of the directors or to control the management or constitution decisions exercisable by a person or persons acting apiece or in concert, directly or indirectly, including by fairn ess of their shareholding or management righ! ts or shareholders or voting agreements or in any other manner; (e) company means a company as defined in Companies Act, 1956; (f) director means, a director as defined in sub-section (13) of section 2 of the Companies Act, 1956; (g) employee means, (i) a permanent employee of the company working in India or abroad; or (ii) a director of the company...If you wish to get a full essay, order it on our website: OrderCustomPaper.com

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