In a move aimed at ensuring ease of compliance and lower costs, Sebi on Tuesday said promoters of companies can give shares to their employees under the Offer For Sale (OFS) through the stock exchange mechanism. At present, shares under OFS are offered to the staff outside the stock exchange mechanism. Based on the feedback received from stakeholders, Sebi noted it is observed that the said procedure is time-consuming, and involves additional costs and multiple activities. Against this backdrop, the Securities and Exchange Board of India (Sebi) has decided on a new system that will be in addition to the existing one with respect to OFS for companies' employees. Under the new system, OFS to employees would be on T+1 day along with the retail category under a new category 'Employee'. "In order to enhance efficiency, ease of compliance and reduce cost, based on deliberations in the Secondary Market Advisory Committee of Sebi and discussions with stock exchanges and clearing corporati Read The Rest at :