Preferential allotment exempts employee share issues from ESOS/ESPS guidelines when compliant with preferential allotment rules. Shares issued to employees under a preferential allotment framework are excluded from the Employee Stock Option Scheme and Employee Stock Purchase Scheme Guidelines; such issuances, when compliant with the preferential allotment rules, are governed by the preferential allotment regime and its compliance requirements rather than by the ESOS/ESPS guidelines.
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.
Preferential allotment exempts employee share issues from ESOS/ESPS guidelines when compliant with preferential allotment rules.
Shares issued to employees under a preferential allotment framework are excluded from the Employee Stock Option Scheme and Employee Stock Purchase Scheme Guidelines; such issuances, when compliant with the preferential allotment rules, are governed by the preferential allotment regime and its compliance requirements rather than by the ESOS/ESPS guidelines.
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