https://www.taxtmi.com/circulars?id=58931 A nominated director may participate in a company's ESOS if the nominating contract permits acceptance of options, prohibits renunciation in favour of the nominating institution, and specifies conditions for accepting fees and incentives; the contract must be filed by the nominating institution with the company and by the company with its stock exchanges, and the director must furnish the contract at the first board meeting attended after nomination. Options granted to such nominated directors cannot be renounced in favour of the nominating institution. Graded vesting accounting may be amortised per separate vesting portions or over the aggregate vesting period, subject to recognition at least equal to the vested portion's value. en-us Mon, 04 Aug 2008 00:00:00 +0530 Thu, 03 Jan 2019 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58931 A nominated director may participate in a company's ESOS if the nominating contract permits acceptance of options, prohibits renunciation in favour of the nominating institution, and specifies conditions for accepting fees and incentives; the contract must be filed by the nominating institution with the company and by the company with its stock exchanges, and the director must furnish the contract at the first board meeting attended after nomination. Options granted to such nominated directors cannot be renounced in favour of the nominating institution. Graded vesting accounting may be amortised per separate vesting portions or over the aggregate vesting period, subject to recognition at least equal to the vested portion's value. Circulars SEBI Mon, 04 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58931