Issue of employee stock options to non-residents allowed with sectoral cap compliance and required approvals and reporting. Indian companies may issue employees' stock options and/or sweat equity shares to non-resident employees or directors, including those of a holding company, joint venture or wholly owned overseas subsidiaries, provided schemes comply with securities or company rules, issuances observe applicable sectoral caps, FIPB approval is obtained where the company is under the approval route or recipients are citizens of Bangladesh or Pakistan, and the issuing company files Form ESOP with the Reserve Bank within thirty days while furnishing prescribed certificates and valuation evidence.
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.
Issue of employee stock options to non-residents allowed with sectoral cap compliance and required approvals and reporting.
Indian companies may issue employees' stock options and/or sweat equity shares to non-resident employees or directors, including those of a holding company, joint venture or wholly owned overseas subsidiaries, provided schemes comply with securities or company rules, issuances observe applicable sectoral caps, FIPB approval is obtained where the company is under the approval route or recipients are citizens of Bangladesh or Pakistan, and the issuing company files Form ESOP with the Reserve Bank within thirty days while furnishing prescribed certificates and valuation evidence.
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