Market regulator Sebi on Wednesday proposed a new set of regulations for employee stock options, wherein certain restrictions imposed on companies for award of such allotments to staff members could be eased.
An alternative way is to make the Asba (Applications supported by blocked amount) facility compulsory for retail investors.
Such measures are expected to further enhance the protection of investors in the securities market
At present, Sebi norms bar wilful defaulters from issuing convertible debt instruments.
The final guidelines should be there in 3-4 months.
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