Issue of shares under Employees Stock Options Scheme to persons resident outside India

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..... gulations New Regulations of 2017 8. Issue of shares under Employees Stock Options Scheme to persons resident outside India :- 1 [(1) An Indian company may issue employees stock option and/or sweat equity shares to its employees/directors or employees/directors of its holding company or joint venture or wholly owned overseas subsidiary/subsidiaries who are resident outside .....

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..... er the applicable rules/regulations to an employee/director who is a citizen of Bangladesh/Pakistan shall require prior approval of the Foreign Investment Promotion Board (FIPB) of Government of India. (2) The Reserve Bank may require the company issuing employees stock option and/or sweat equity shares to submit such reports and at such frequency as it may consider necessary.] ---- .....

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..... d the issuing company shall ensure that value of shares held by persons resident outside India under the scheme does not exceed the limit specified in clause (b) of sub-regulation (1). (3) The issuing company shall furnish to the Reserve Bank , within thirty days from the date of issue of shares under the scheme, a report giving the following particulars/documents, - (i) names of person .....

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