https://www.taxtmi.com/acts?id=35918 No ESOS may be offered unless disclosures in Schedule IV are made and a Compensation Committee-composed of a majority of independent directors-is constituted to administer ESOS. The Committee must set detailed terms: quantum of options, lapse conditions for misconduct, exercise periods including post-termination timelines, exercise rights, adjustments for corporate actions to preserve option value, rules for long-leave employees, cashless exercise procedures, and policies to prevent insider trading and fraudulent or unfair market practices. en-us Fri, 01 Feb 2019 15:10:56 +0530 Fri, 01 Feb 2019 15:10:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35918 No ESOS may be offered unless disclosures in Schedule IV are made and a Compensation Committee-composed of a majority of independent directors-is constituted to administer ESOS. The Committee must set detailed terms: quantum of options, lapse conditions for misconduct, exercise periods including post-termination timelines, exercise rights, adjustments for corporate actions to preserve option value, rules for long-leave employees, cashless exercise procedures, and policies to prevent insider trading and fraudulent or unfair market practices. Act-Rules SEBI Fri, 01 Feb 2019 15:10:56 +0530 https://www.taxtmi.com/acts?id=35918