Listing of employee stock plan shares must occur immediately upon exercise, subject to regulatory approvals and shareholder ratification. Shares arising from ESOS/ESPS must be listed immediately upon exercise on recognized exchanges subject to scheme compliance, filing the Schedule V statement, obtaining in principle exchange approval and notifying exchanges on exercise; pre IPO schemes require conformity with guidelines and shareholder ratification before fresh grants, and any term changes to pre IPO options need prior shareholder approval except for corporate action adjustments; companies must file schemes via EDIFAR, disclose holding/subsidiary cost allocations in notes to accounts, appoint a registered merchant banker for scheme framing and approvals, and treat trust administered schemes' accounts as if administered by the company.