https://www.taxtmi.com/acts?id=40187 Pre-IPO employee share schemes must conform to these Regulations and be ratified by shareholders after the IPO before any fresh grants; changes to terms require shareholder approval by special resolution except for corporate-action adjustments. Companies seeking to list shares issued under ESOS, ESPS or SARs must obtain in-principle exchange approval prior to grant. Disclosure obligations attach where a holding company issues benefits to subsidiary employees and where reimbursements occur, and a merchant banker must be appointed to implement schemes until in-principle approval is obtained. en-us Tue, 17 Aug 2021 10:06:26 +0530 Mon, 05 Aug 2024 16:12:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40187 Pre-IPO employee share schemes must conform to these Regulations and be ratified by shareholders after the IPO before any fresh grants; changes to terms require shareholder approval by special resolution except for corporate-action adjustments. Companies seeking to list shares issued under ESOS, ESPS or SARs must obtain in-principle exchange approval prior to grant. Disclosure obligations attach where a holding company issues benefits to subsidiary employees and where reimbursements occur, and a merchant banker must be appointed to implement schemes until in-principle approval is obtained. Act-Rules SEBI Tue, 17 Aug 2021 10:06:26 +0530 https://www.taxtmi.com/acts?id=40187