The legislative structure for superior voting right shares, or SR shares, has come under scrutiny as a result of a flurry of fresh share sale filings by online start-ups like as Zomato, Paytm, and Policybazaar. This approach, which was launched two years ago, ensures that following initial public offerings, or IPOs, start-up founders get to keep their skin in the game. Promoters/founders of new generation tech firms may have the vision and expertise to move the company ahead, but they may lack the financial resources to do so. As a result, promoters/founders of new-age IT companies have their shareholdings diluted significantly in order to raise cash at an early stage. One of the motivations for the creation of SR shares was to encourage promoters/founders who hold executive positions in the firm to retain a certain amount of control for a limited time of five years, which might be extended by another five years, with "checks and balances." While SR shares are a novel concept in India, they are permitted in nations such as the United States and, closer to home, Hong Kong and Singapore, subject to stronger corporate governance regulations. Mark Zuckerberg, the founder and CEO of Facebook, for example, has been able to maintain control of the social media network by distributing such shares, each of which carries ten votes, to himself and his cronies. In 2019, the regulator approved voting rights for founders of tech-oriented start-ups (for example, infotech, nanotech, biotech, and data analytics) in the ratio of 2:1 (two votes for one share) to 10:1 in comparison to public shareholders. After five years of listing or the death or exit of the shareholder with superior rights, SR shares were to be converted to ordinary shares. What are the new revisions to the framework that have been proposed by the SEBI?