Regulation 16 - Administration and implementation. - Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

CHAPTER III ADMINISTRATION OF SPECIFIC SCHEMES PART A: EMPLOYEE STOCK OPTION SCHEME (ESOS) 16. Administration and implementation. (1) Subject to the provisions of these regulations, an ESOS shall contain the details of the manner in which the scheme will be implemented and operated. (2) No ESOS shall be offered unless the disclosures, as specified in Part G of Schedule I of these regulations, are made by the company to the prospective option grantees.