Employee purchase rights in foreign securities expanded to include resident employees and ADR/GDR linked stock option participation with limits. Regulation 22(2) permits resident Indian individuals who are employees or directors of specified Indian affiliates of foreign companies, or of Indian companies with at least 51% foreign equity, to purchase equity shares offered by the foreign company, with 'indirectly' defined to include holdings via special purpose vehicles or step down subsidiaries. Regulation 24(3) permits knowledge based Indian companies to allow resident employees to acquire foreign securities under ADR/GDR linked stock option schemes, subject to securities regulator and government guidelines and to a Reserve Bank ceiling.