https://www.taxtmi.com/circulars?id=2103 Authorised Dealer banks may remit funds for resident employees to acquire foreign securities under ADR/GDR-linked ESOP schemes up to the existing per-employee limit in a block of five calendar years without prior Reserve Bank approval, after satisfying themselves that the issuing company has followed the relevant SEBI or Government guidelines; listed knowledge-based sector companies' ESOPs will be governed by SEBI guidelines, while unlisted companies remain under Government ADR/GDR guidelines. en-us Fri, 01 Oct 2004 00:00:00 +0530 Sat, 04 Oct 2008 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2103 Authorised Dealer banks may remit funds for resident employees to acquire foreign securities under ADR/GDR-linked ESOP schemes up to the existing per-employee limit in a block of five calendar years without prior Reserve Bank approval, after satisfying themselves that the issuing company has followed the relevant SEBI or Government guidelines; listed knowledge-based sector companies' ESOPs will be governed by SEBI guidelines, while unlisted companies remain under Government ADR/GDR guidelines. Circulars FEMA Fri, 01 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2103