No SVR share ownership through trusts for now

The Securities and Exchange Board of India (Sebi) has turned down a demand by several startups to allow founders to hold superior voting rights (SVR) shares through trusts, said people with knowledge of the matter. Currently, full-time executives of a company are only allowed to own SVR shares directly. Several companies lobbied Sebi to allow ownership through trusts since this is beneficial from a tax point of view.

via Economictimes

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