On 17th January, 2013 SEBI has introduced amendment in the ESOP/ESOS Guidelines, 1999.
The amendment has been introduced to control and avoid manipulation in trading and price of the securities by the promoters and directors by using shares issued by way of trust to be issued to the employees under ESOP/ESOS scheme of the Company.
The amendment is applicable from the immediate effect and the current scheme(s) issuer shall ensure that the schemes shall comply with the guidelines by 30th June, 2013.
http://www.sebi.gov.in/cms/sebi_data/attachdocs/1358405632526.pdf
No comments:
Post a Comment