01 December 2007
what is the meaning of "fmv of the date on which option vests"in amendment in finance act 2007? word "vests" means- 1.securities offered or 2.option opted by employee
18 March 2008
"Option vests" means time when the e'yee fulfills vesting conditions of the company and he is eligible to apply for shares under the scheme.The Fair Mkt. value on that date is taken
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