Amendments to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and Equity Listing Agreement

Amendments to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and Equity Listing Agreement https://www.taxtmi.com/circulars?id=58351 Prohibition on acquisition of securities from the secondary market is imposed for employee benefit schemes; all such schemes must comply with the SEBI ESOS/ESPS Guidelines and listing conditions have been amended to require issuers to align pre-existing schemes with those Guidelines. Companies with schemes outside the Guidelines must report scheme details to stock exchanges in the prescribed format and publish the information, and take steps to bring existing schemes into conformity. The ESOS/ESPS Guidelines are amended to state that no ESOS/ESPS shall involve acquisition of securities from the secondary market. en-us Thu, 17 Jan 2013 00:00:00 +0530 Sat, 15 Dec 2018 12:28:00 +0530 TaxTMI RSS Generator Amendments to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and Equity Listing Agreement https://www.taxtmi.com/circulars?id=58351 Prohibition on acquisition of securities from the secondary market is imposed for employee benefit schemes; all such schemes must comply with the SEBI ESOS/ESPS Guidelines and listing conditions have been amended to require issuers to align pre-existing schemes with those Guidelines. Companies with schemes outside the Guidelines must report scheme details to stock exchanges in the prescribed format and publish the information, and take steps to bring existing schemes into conformity. The ESOS/ESPS Guidelines are amended to state that no ESOS/ESPS shall involve acquisition of securities from the secondary market. Circulars SEBI Thu, 17 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58351