After ESOPs, SEBI eyes regulating other employee benefits

To bring all types of employee benefit schemes under its ambit, a Securities and Exchange Board
of India (SEBI) discussion paper has proposed that trusts set up managed and financed directly
or indirectly by companies, should be regulated. Trusts include those managing general employee
benefits such as education, scholarship, medical, retirement benefits such as superannuation,
gratuity or any other schemes. Currently, SEBI regulates only employee stock option plans (ESOP) and employee stock purchase schemes.