Relaxation from restriction on investment by family during the period of service of the employee

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Full Text of the Document

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....n (1) of regulation 64 shall not be applicable where the spouse of the employee acquires equity in employee stock options plan which is part of the pay package of the spouse and to also disposal of such equity. Explanation: In case of technical violations arising out of actions of spouse and/or dependent family members, such an inadvertent action shall not be treated as misconduct by the employ....