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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>RBI Updates ESOP Rules: Removes Concessional Price Requirement, Allows Share Sale Without Prior Permission for Resident Individuals.</h1> The Reserve Bank of India has updated the regulations regarding the acquisition of foreign securities by resident individuals under the Employee Stock Option Plan (ESOP) scheme. Previously, employees or directors of Indian branches of foreign companies with at least 51% foreign holding could acquire shares at a concessional price without a monetary limit. The new circular removes the requirement for shares to be offered at a concessional price and allows the sale of acquired shares without prior RBI permission, provided the proceeds are repatriated to India. Amendments to the relevant regulations will be issued separately.
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