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Contracts & Transactions
What we Offer:
Blazing through the New Normal
KEY BENEFITS OF EMPLOYEE STOCK OPTIONS
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Blocking access to Misinformation within 36 hours upon an order from the Court, or the government.
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Appointing a chief compliance officer to ensure compliance with the IT Act and the Rules,
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Appointing a grievance officer residing in India, and
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Publishing a monthly compliance report.
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Intermediaries and digital media publishers to provide for a grievance redressal mechanism.
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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.
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Three-tier grievance redressal mechanism In case of digital media publishers (news and OTT)
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Self-regulation by the publishers,
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Self-regulation by the self-regulating bodies of the publishers, and
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Oversight mechanism by the central government.
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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.
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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
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