Compliances and conditions

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Full Text of the Document

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....ts equity shares ('pre-IPO scheme') unless: (i) Such pre-IPO scheme is in conformity with these regulations; and (ii) Such pre-IPO scheme is ratified by its shareholders subsequent to the IPO. Provided that the ratification under clause (ii) may be done any time prior to grant of new options or shares or SAR under such pre-IPO scheme. (2) No change shall be made in the terms of options ....