Lock-in requirement: ESPS shares are locked for one year from allotment, with merger credit and public-issue exemption. Shares under an Employee Stock Option/Employee Stock Purchase Scheme may be priced by the company within regulatory limits and are subject to a minimum lock-in from the date of allotment; prior lock-in served under a transferor company after a merger or amalgamation is adjustable against the required lock-in, and shares issued to employees at the same price as a concurrent public issue are exempt from lock-in.
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.
Lock-in requirement: ESPS shares are locked for one year from allotment, with merger credit and public-issue exemption.
Shares under an Employee Stock Option/Employee Stock Purchase Scheme may be priced by the company within regulatory limits and are subject to a minimum lock-in from the date of allotment; prior lock-in served under a transferor company after a merger or amalgamation is adjustable against the required lock-in, and shares issued to employees at the same price as a concurrent public issue are exempt from lock-in.
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 
