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THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3 cuneus SECTION (II) PUBLISHED BY AUTHORITY SECURITIES AND transfer BOARD OF INDIA bill the 24 September, 2002 SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF travail 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 stand in regions (1) of Section 79A as inserted by the Companies (Amendment) Act, 1998 (1 of 1999), the Board, hereby makes the adjacent regulations, namely:- 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 allotee of their publication in the Official Gazette. Definitions. 2.

(1) In these regulations, unless the context of use other requires: - (a) Act gist the Securities and Exchange Board of India Act, 1992; (b) cuss includes a person, (i) who directly or indirectly by himself or in combination with relatives, exercise control over the partnership; or, (ii) whose employee, military officer or managing director is also a director, officer or employee of the company; (c) Board means the Board as define in clause (a) of sub dent (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 insurance decisions exercisable by a person or persons acting individually or in concert, directly or indirectly, including by truth of their shareholding or management ! rights 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 neediness to get a full essay, order it on our website: OrderCustomPaper.com

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