17th May 2013
Sub: Amendment to SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and Equity Listing Agreement
To all listed companies
Kindly note that SEBI vide the above-mentioned circular have directed the Stock Exchanges to bring the provisions of this aforesaid circular to the notice of all the companies whose securities are listed on the stock exchange and also to disseminate the same on the web site. The salient features of the revised requirements, include the following:
“Applicability of the circular, Extension of time for aligning the employee benefit schemes with SEBI Guidelines, Holding of securities by Trusts beyond December 31, 2013, Continued holding of securities by non-ESOP employee benefit schemes, additional disclosures etc.”
All the listed companies are requested to take note of the amendment as proposed by SEBI and implement the same with immediate effect.
For THE CALCUTTA STOCK EXCHANGE LTD.
Encl: As above