Para 21 - Omitted - SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999

[1] 21. [Deleted] ****** [1] Omitted vide circular no. SEBI/PMD/MBD/ESOP/2/2003/30/06 dated June 30, 2003, w. e. f. June 30, 2003. Prior to its omission, clause 21 read as under: 21. Part D of Clarification XIV of DIP Guidelines 21.1 Part D of the Clarification XIV dated March 1, 1996, of the SEBI (Disclosure and Investor Protection) Guidelines shall not be applicable in case of ESOS and ESPS.