Employee Stock Option Scheme with respect to DEPOSITORY RECEIPTS

A

abhishreshthaa

Abhijeet S
Employee Stock Option Scheme with respect to DEPOSITORY RECEIPTS

ESOPs w.r.t DRs

  • A software company which has already floated ADR/GDR or a company which is proposing to float ADR/GDR would be entitled to issue ADR/GDR Linked Stock Options to its employees.

  • The scheme would be available to listed and unlisted software Indian companies which fulfill the performance track record eligibility and other requirements under ADR/GDR guidelines of Government of India

  • The issuing company would be entitled to issue options not exceeding 10% of its issued and paid up equity capital.

  • The stock options may be issued at a discount of not more than 10% to the market price prevailing at the time of the issue of the stock option.
 
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