Issue of Employees Stock Options, sweat equity shares and Share Based Employee Benefits to Persons Resident outside India

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....company may issue "employees' stock option", "sweat equity shares", and "Share Based Employee Benefits" to its employees or directors or employees or directors of its holding company or joint venture or wholly owned overseas subsidiary or subsidiaries who are resident outside India: Provided that. - (a) the scheme has been drawn either in terms of regulations issued under the Securities and Exc....

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....s a person resident outside India exercising an option which was issued when he or she was a person resident in India shall hold the shares so acquired on exercising the option on a non-repatriation basis.]     ***************** NOTES:- 1. Substituted vide Notification No. S.O. 1802(E) dated 12-04-2022, w.e.f. 12-04-2022 before it was read as,  "Issue of....