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This is an archive article published on May 13, 2013

Deadline for ESOP norms extended

Market regulator Sebi today extended the deadline for listed firms to comply with norms that bar employee benefit schemes and trusts from buying shares of their own firms from the secondary market,to December 31.

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Market regulator Sebi today extended the deadline for listed firms to comply with norms that bar employee benefit schemes and trusts from buying shares of their own firms from the secondary market,to December 31.

Sebi has also provided clarification on applicability of these norms besides directing companies to make additional disclosures in this regard. The earlier deadline for these norms,aimed at curbing manipulative trading in shares,was till June 30 this year.

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