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.... to its omission, clause 15 read as under: "15. Options outstanding at Public Issue:" [2] Omitted clause 15.1 vide circular no. SEBI/CFD/DIL/ESOP/5/2009/03/09 dated September 3, 2009. Prior to its omission, clause 15.1 read as under: "15.1 The provisions of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines prohibiting initial public offering by companies....

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....ed on or after July 22, 2004 and read as under: "15.3 If any options granted to employees in pursuance of pre-IPO ESOS are outstanding at the time of IPO, the IPO document of the company shall disclose all the information specified in clause 12.1 and also the following information: (a) The impact on the profits and on the EPS of the last three years if the company had followed the accounting pol....

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....ed capital (excluding outstanding warrants and conversions), which inter-alia shall include name, designation and quantum of ESOS or ESPS shares and quantum they intend to sell within three (3) months. (d) A disclosure in line with the clause 12 and 19 of these guidelines, regarding all the options/shares issued in last three (3) years (separately for each year) and on a cumulative basis for all ....