Employee Stock Option Scheme 2014
Stock Purchase Scheme 2014
Stock Purchase Scheme 2014
Companies can’t trade in ESOS, ESPS shares
The Securities and Exchange Board of India (SEBI) has
amended its Employee Stock Option Scheme (ESOS) and Employee Stock Purchase Scheme (ESPS) Guidelines,
1999, by prohibiting companies from dealing in their own shares in the secondary market under
these schemes, with immediate effect.
The companies, which have already framed and implemented before the date of this circular any employee benefit schemes involving dealing in the securities of the company and are not in accordance with SEBI (ESOS and ESPS) Guidelines, the regulator directed those companies to inform the details of their schemes to the stock exchanges within 30 days from date of this circular.
The companies, which have already framed and implemented before the date of this circular any employee benefit schemes involving dealing in the securities of the company and are not in accordance with SEBI (ESOS and ESPS) Guidelines, the regulator directed those companies to inform the details of their schemes to the stock exchanges within 30 days from date of this circular.
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