Cross-border employee share issuance: non-resident employees may receive ESOPs and sweat equity subject to compliance and approvals. Issuance of employees' stock option and sweat equity shares to persons resident outside India is permitted only if the scheme complies with applicable securities or company law rules and the instruments adhere to the sectoral cap; prior Government approval is required where foreign investment is under the approval route or where recipients are certain foreign nationals, and shares acquired by persons who were resident in India when granted must be held on a non-repatriation basis.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cross-border employee share issuance: non-resident employees may receive ESOPs and sweat equity subject to compliance and approvals.
Issuance of employees' stock option and sweat equity shares to persons resident outside India is permitted only if the scheme complies with applicable securities or company law rules and the instruments adhere to the sectoral cap; prior Government approval is required where foreign investment is under the approval route or where recipients are certain foreign nationals, and shares acquired by persons who were resident in India when granted must be held on a non-repatriation basis.
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