Company share issuance rules expand to cover schemes linked to share capital value alongside employee stock options. Section 62 of the Companies Act, 2013 is amended in the rights issue provisions by inserting an additional category after employee stock option schemes. The amendment extends clause (b) of sub-section (1) to include shares offered under such other scheme linked to the value of the share capital of the company, alongside shares issued under a scheme of employees' stock option. The provision broadens the permitted basis on which specified shares may be offered within the existing framework for issuance rights under section 62.
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Company share issuance rules expand to cover schemes linked to share capital value alongside employee stock options.
Section 62 of the Companies Act, 2013 is amended in the rights issue provisions by inserting an additional category after employee stock option schemes. The amendment extends clause (b) of sub-section (1) to include shares offered under such other scheme linked to the value of the share capital of the company, alongside shares issued under a scheme of employees' stock option. The provision broadens the permitted basis on which specified shares may be offered within the existing framework for issuance rights under section 62.
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