https://www.taxtmi.com/acts?id=35917 Employees are generally eligible to participate in ESOS, but promoters and promoter group members are excluded, and directors holding a substantial shareholding directly or indirectly are ineligible. For institutionally nominated directors, the nomination contract must specify whether options may be accepted, prohibit renunciation of options to the nominating institution, and set conditions for acceptance of incentives; the institution must file the contract with the company, the company must file it with its stock exchanges, and the director must furnish a copy at the first board meeting attended after nomination. en-us Fri, 01 Feb 2019 15:09:08 +0530 Fri, 01 Feb 2019 15:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35917 Employees are generally eligible to participate in ESOS, but promoters and promoter group members are excluded, and directors holding a substantial shareholding directly or indirectly are ineligible. For institutionally nominated directors, the nomination contract must specify whether options may be accepted, prohibit renunciation of options to the nominating institution, and set conditions for acceptance of incentives; the institution must file the contract with the company, the company must file it with its stock exchanges, and the director must furnish a copy at the first board meeting attended after nomination. Act-Rules SEBI Fri, 01 Feb 2019 15:09:08 +0530 https://www.taxtmi.com/acts?id=35917