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          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.

          <h1>Variation of scheme terms: companies may reprice or amend share based employee benefits subject to employee protection and shareholder approval.</h1> A company may vary terms of share based employee benefit or sweat equity schemes by special resolution if not prejudicial to employees, except that variations required to meet regulatory requirements may be made without shareholder approval. Such variations are subject to the same procedural safeguards as original grants. Notices for special resolutions must disclose full details, rationale and beneficiary details. Repricing of unexercised options, SARs or shares is permitted where schemes became unattractive due to market decline, provided repricing is not detrimental to employees and shareholders approve by special resolution.

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