Employee stock options: listed Indian companies may allot shares to citizens of Bangladesh and Sri Lanka under FEMA. Listed Indian companies may allot shares under Employees Stock Option Scheme to employees who are citizens of Bangladesh and Sri Lanka, overriding the prior exclusion under the Foreign Direct Investment framework. The instruction is issued under FEMA and remains subject to any other statutory permissions or approvals; Authorised Dealer Banks are to inform constituents and customers accordingly.
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.
Employee stock options: listed Indian companies may allot shares to citizens of Bangladesh and Sri Lanka under FEMA.
Listed Indian companies may allot shares under Employees Stock Option Scheme to employees who are citizens of Bangladesh and Sri Lanka, overriding the prior exclusion under the Foreign Direct Investment framework. The instruction is issued under FEMA and remains subject to any other statutory permissions or approvals; Authorised Dealer Banks are to inform constituents and customers accordingly.
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