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of <h1>RBI Amends 2000 Regulations: Indian Firms Can Offer Stock Options, Sweat Equity to Non-Resident Employees</h1> The Reserve Bank of India issued the Foreign Exchange Management (Fourth Amendment) Regulations, 2015, amending the 2000 regulations concerning securities issued by persons resident outside India. The amendments introduce definitions for 'employees' stock option' and 'sweat equity shares,' allowing Indian companies to issue these to non-resident employees or directors. Such issuances must comply with regulations under the Securities Exchange Board of India Act, 1992, or the Companies Act, 2013, and adhere to sectoral caps. Prior approval from the Foreign Investment Promotion Board is required for companies under the approval route or for employees from Bangladesh or Pakistan.
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