Shareholder Approval

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..... general body of the shareholders. 17.2 The explanatory statement to the notice shall specify: (a) the price of the shares and also the number of shares to be offered to each employee. (b) the appraisal process for determining the eligibility of employee for ESPS. [1] [(c) Total number of shares to be [2] [issued].] 17.3 The number of shares offered may be different for differe .....

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..... vide circular no. SEBI/CFD/DIL/ESOP/3/2004/22/7 dated July 22, 2004, for all notices of general meetings sent on or after June 30, 2003. [3] Inserted vide circular no. SEBI/PMD/MBD/ESOP/2/2003/30/06 dated June 30, 2003, for all notices of general meetings sent on or after June 30, 2003. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Man .....

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