Amendments to FBT on ESOPs
The Finance Minister has amended the provisions of levying FBT on ESOPs on May 3, 2007 vide the Finance Bill 2007.
ICAI issues Guidance Note on Accounting for Share - based payments
The Institute of Chartered Accountants of India (ICAI) has released a Guidance Note on Accounting for Employee Share - based Payments, which has come into effect from the 1st of April 2005.
FASB makes fair value expensing mandatory
On December 16, 2004, The Financial Accounting Standards Board (FASB) has issued statement Number 123 (revised 2004) - Share Based Payment. Statement 123 (R) requires all entities to recognize compensation expense as per the Fair Value Method.
Revised SEBI Guidelines (July 22, 2004)
CBDT Guidelines
SEBI report for public comment