Options for the employee to deal with non-permitted investment held at the time of joining

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ployee may choose any of the followings option(s) with respect to non-permitted investment held by him, namely: - (i) Liquidate the non-permitted investment; (ii) Freeze the non-permitted investment till the time of completion of his period of service with the Board; (iii) Disclose a trading plan to OEC for selling of these non-permitted investment during his period of s....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ts issue with respect to such equity shall not be prohibited during the period of service with the Board. (4) If an employee opts for trading plan, he must adhere to that trading plan and deviation could only be with the prior approval. (5) The prior approval required under this regulation shall be obtained from the OEC. (6) Vested option with respect to equity may be exercised by an empl....