https://www.taxtmi.com/acts?id=35920 A company shall not vary ESOS terms in a manner detrimental to employees. Variation affecting earlier grants that remain unexercised may be made by special resolution only if not prejudicial to option holders; clause 6.3 procedural safeguards apply and the notice must disclose the variation, rationale and beneficiary details. Repricing of unexercised (whether vested or not) options is permitted if market decline has rendered ESOS unattractive, provided repricing is not detrimental to employees and shareholders approve in a general meeting. en-us Fri, 01 Feb 2019 15:36:12 +0530 Fri, 01 Feb 2019 15:36:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35920 A company shall not vary ESOS terms in a manner detrimental to employees. Variation affecting earlier grants that remain unexercised may be made by special resolution only if not prejudicial to option holders; clause 6.3 procedural safeguards apply and the notice must disclose the variation, rationale and beneficiary details. Repricing of unexercised (whether vested or not) options is permitted if market decline has rendered ESOS unattractive, provided repricing is not detrimental to employees and shareholders approve in a general meeting. Act-Rules SEBI Fri, 01 Feb 2019 15:36:12 +0530 https://www.taxtmi.com/acts?id=35920