Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Employee Stock Option Scheme: Promoters, Promoter Group, and Directors with Over 10% Equity Ineligible for Participation.</h1> Employees are eligible to participate in a company's Employee Stock Option Scheme (ESOS), except if they are promoters or belong to the promoter group. Directors nominated by institutions must have specific agreements detailing their eligibility to accept options, which cannot be renounced to the nominating institution. These agreements must be filed with the company and relevant stock exchanges. Additionally, directors holding more than 10% of the company's equity shares, directly or indirectly, are ineligible to participate in the ESOS.