Founders Stock Options: Sebi looks to plug gaps allowing founders to own stock options
India's capital markets regulator is planning to change its rules to address concerns around founders and family members of tech or app-based startups owning shares under the employee stock ownership plan (ESOP), two sources told Reuters.The Securities and Exchange Board of India (SEBI) does not want founders to own stock options if they have rights akin to those enjoyed by promoters, the sources with direct knowledge of the matter said.A decision in this regard could come sometime this year, the sources added. Under…