Employee Stock Option Plans (ESOPs) are generally framed to reward employees for their performance, contribution to the Company. When an employee gets ESOPs from the company, it means he gets the right to purchase a certain number of shares in the company at a predetermined price after a predetermined period or periods. It also serves …
In order to promote better corporate compliance and facilitate ease of doing business in India, the Ministry of Corporate Affairs (“MCA”) has decriminalized various offences under the Companies Act, 2013 (hereinafter referred as “Act”) by introducing the Companies (Amendment) Act, 2019, and the Companies (Amendment) Act, 2020. The brief timelines are as follows: The aspects …
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Background: Securities and Exchange Board of India vide notification dated 13th August 2021 has amended the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”), and the said amendment is named as Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2021 (“Amended Regulations”). …
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