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, ... Summary
Referred In :
Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014
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.
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