https://www.taxtmi.com/acts?id=40182 A company may vary terms of share based employee benefit or sweat equity schemes by special resolution if not prejudicial to employees, except that variations required to meet regulatory requirements may be made without shareholder approval. Such variations are subject to the same procedural safeguards as original grants. Notices for special resolutions must disclose full details, rationale and beneficiary details. Repricing of unexercised options, SARs or shares is permitted where schemes became unattractive due to market decline, provided repricing is not detrimental to employees and shareholders approve by special resolution. en-us Tue, 17 Aug 2021 10:03:22 +0530 Tue, 06 Aug 2024 12:05:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40182 A company may vary terms of share based employee benefit or sweat equity schemes by special resolution if not prejudicial to employees, except that variations required to meet regulatory requirements may be made without shareholder approval. Such variations are subject to the same procedural safeguards as original grants. Notices for special resolutions must disclose full details, rationale and beneficiary details. Repricing of unexercised options, SARs or shares is permitted where schemes became unattractive due to market decline, provided repricing is not detrimental to employees and shareholders approve by special resolution. Act-Rules SEBI Tue, 17 Aug 2021 10:03:22 +0530 https://www.taxtmi.com/acts?id=40182