Compliances and conditions.

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....s IPO and prior to the listing of its 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....

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...., share, SAR or benefits shall be disclosed in the 'notes to accounts' of the financial statements of the subsidiary company. (5) In a case falling under sub-regulation (4), if the subsidiary reimburses the cost incurred by the holding company in granting option, share, SAR or benefits to the employees of the subsidiary, both the subsidiary as well as the holding company shall disc....