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Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Fourth Amendment) Regulations, 2015

FEMA - 344/2015-RB - Dated:- 11-6-2015 - RESERVE BANK OF INDIA (Foreign Exchange Department) (CENTRAL OFFICE) NOTIFICATION NO. 344/2015 RB Mumbai, the 11th June, 2015 G.S.R. 484(E).-In exercise of the powers conferred by clause (b) of sub-section (3) .....

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ia) Regulations, 2000 (Notification No. FEMA 20/2000-RB dated 3rd May 2000) namely:- 1. Short Title & Commencement:- a) These Regulations may be called the . b) They shall come into force from the date of its publication in the Official Gazette. .....

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, the following new clause shall be added, namely:- (iif) employees stock option means the option given to the directors, officers or employees of a company or of its holding company or joint venture or wholly owned overseas subsidiary/subsidiaries, .....

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ly :- (xa) sweat equity shares means such equity shares as issued by a company to its directors or employees at a discount or for consideration other than cash, for providing their know-how or making available rights in the nature of intellectual pro .....

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employees/directors of its holding company or joint venture or wholly owned overseas subsidiary/subsidiaries who are resident outside India, provided that : a) The scheme has been drawn either in terms of regulations issued under the Securities Excha .....

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