Tag: ESOPs
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SEBI informal guidance – ESOP, Insider Trading and independent directors
[Posted by Mihir Naniwadekar] The SEBI recently issued an informal guidance note on matters relevant to companies which are in the process of devising employee share option plans (ESOPs). A company contemplating an ESOP in accordance with the SEBI (ESOP and ESPS) Guidelines, 1999 wished to form an employee welfare trust to grant options to…