Immediate listing for shares issued under employee schemes requires compliance and in principle exchange approval before listing. Immediate listing of new shares issued under employee share schemes is permitted on the recognised stock exchange where existing shares are listed, provided the scheme complies with the regulations, a SEBI specified statement is filed and the company has obtained in principle approval from the stock exchanges; the company must notify the concerned exchange upon each exercise as per the SEBI specified statement.
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.
Immediate listing for shares issued under employee schemes requires compliance and in principle exchange approval before listing.
Immediate listing of new shares issued under employee share schemes is permitted on the recognised stock exchange where existing shares are listed, provided the scheme complies with the regulations, a SEBI specified statement is filed and the company has obtained in principle approval from the stock exchanges; the company must notify the concerned exchange upon each exercise as per the SEBI specified statement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
