Tax alert: Guidance on Regulatory reporting with respect to Employee Stock Options Scheme has been saved
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Tax alert: Guidance on Regulatory reporting with respect to Employee Stock Options Scheme
29 October 2024
The Reserve Bank of India (RBI) issued revised operational guidelines for reporting of issue/transfer of shares under an Employee Stock Options Plan (ESOP) of an Indian company to employees resident outside India. The guidelines standardise the reporting under different ESOP mechanisms to ensure accurate reporting by Indian companies under the Foreign Exchange Management Act, 1999 (‘FEMA’).
