European Style Stock Options

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..... ular No. SMDRP/DC/CIR-7/01 dated June 20, 2001, regarding exercise style of stock option contracts. 2. In consultation with Stock Exchanges, it has been decided to provide flexibility to Stock Exchanges to offer either European style or American style stock options. 3. After opting for a particular style of exercise, a Stock Exchange shall offer option contracts of the same style on all elig .....

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..... a particular style of exercise, a Stock Exchange may change to another style of exercise only after seeking prior approval of SEBI. 7. This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities a .....

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