On Dec 16, 2019, SEBI has answered to the clarifications sought by RS Software (India) Ltd. (RSSIL) by way of issuing interpretative letter under the SEBI (Informal Guidance) Scheme, 2003.
from taxmann.com News https://www.taxmann.com/topstories/222330000000019884/can-promoters-acquire-shares-held-by-its-‘employee-welfare-trust’-created-for-issuing-esops.aspx
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