Issue of Shares Under Employees Stock Options Scheme to Persons Resident Outside India

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....erseded vide New Regulations New Regulations of 2017 Issue of Shares Under Employees Stock Options Scheme to Persons Resident Outside India :- 8. ^1[(1) An Indian company may issue "employees' stock option" and/or "sweat equity shares" to its employees/directors or employees/directors of its holding company or joint venture or wholly owned overseas subsidiary/subsidiaries who are resident....

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....k option"/sweat equity shares under the applicable rules/regulations to an employee/director who is a citizen of Bangladesh/Pakistan shall require prior approval of the Foreign Investment Promotion Board (FIPB) of Government of India. (2) The Reserve Bank may require the company issuing "employees' stock option" and/or "sweat equity shares" to submit such reports and at such frequency as it may....

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....sident employees does not exceed 5% of the paid-up capital of the issuing company. (2) The Trust and the issuing company shall ensure that value of shares held by persons resident outside India under the scheme does not exceed the limit specified in clause (b) of sub-regulation (1). (3) The issuing company shall furnish to the Reserve Bank, within thirty days from the date of iss....