top of page
Contractor

FOCUS AREAS > GENERAL CORPORATE > CONTRACT MANAGEMENT

Contracts & Transactions

What we Offer:

Blazing through the New Normal

KEY BENEFITS OF EMPLOYEE STOCK OPTIONS

  • Blocking access to Misinformation within 36 hours upon an order from the Court, or the government.

  • Appointing a chief compliance officer to ensure compliance with the IT Act and the Rules,

 

  • Appointing a grievance officer residing in India, and

 

  • Publishing a monthly compliance report. 

 

  • Intermediaries and digital media publishers to provide for a grievance redressal mechanism. 

 

  • Intermediaries are required to designate a grievance officer to address complaints against violation of the Rules.  Complaints must be acknowledged within 24 hours and disposed of within 15 days.

 

  • Three-tier grievance redressal mechanism In case of digital media publishers (news and OTT)

    • Self-regulation by the publishers,

    • Self-regulation by the self-regulating bodies of the publishers, and

    • Oversight mechanism by the central government. 

 

  • Appointment of grievance redressal officer based in India and address complaints within 15 days:  As part of the oversight mechanism, the Ministry of Information and Broadcasting (MIB) will establish an Inter-Departmental Committee to hear grievances not addressed by self-regulatory bodies and also oversee adherence to the code of ethics.

 

  • Blocking of content in case of emergency: In case of emergencies, the authorised officers may examine digital media content and the Secretary, MIB may pass an interim direction for blocking of such content.  The final order for blocking content will be passed only after the approval by the Inter-Departmental Committee.  In case of non-approval from the Committee, the content must be unblocked. 

BASIC FLOW OF PROCESS

VESTING PERIOD

EXERCISE PERIOD

LOCK-IN PERIOD

GRANT OF OPTION

VESTING OF OPTION

EXERCISE OF OPTION/ ALOLOTMENT OF SHARES

SALE OF SHARES

Grant of Options signify:

* This illustration is indicative and intended to provide a basic overview of the process as per Indian legal framework. 

EMPLOYER'S GUIDE

©

For more on the topic, please get in touch with us at info@tbalaw.in

bottom of page