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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Companies Can Set ESPS Share Prices Per Accounting Policies; One-Year Lock-In Unless Certain Exceptions Apply</h1> A company can set the price of shares issued under an Employee Stock Purchase Scheme (ESPS) in line with specified accounting policies. Shares issued under ESPS must be locked in for at least one year from allotment, except when shares are transferred from a merged or amalgamated company, where the previous lock-in period is considered. The lock-in requirement is waived in cases of an employee's death or permanent incapacity. If shares are issued as part of a public issue at the same price, they are exempt from the lock-in requirement.
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