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PR NO. 8/2024, DATED 30-04-2024

SEBI provides a framework for Unit Based Employee Benefit schemes for employees of investment manager
Editorial Note : SEBI in its 205th board meeting has approved a proposal to provide a framework for Unit Based Employee Benefit schemes (UBEB) for employees of investment manager/manager of InvIT/REIT. The investment manager/manager may receive the units of InvIT/REIT in lieu of management fees to provide unit-based employee benefits. Further, SEBI has approved the proposal to provide an option for Venture Capital Funds (VCFs) registered under VCF regulations to merge into AIF regulations.



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