Mumbai: Reliance General Insurance has obtained a legal opinion that states IndusInd Holding’s resolution plan cannot extinguish any stock options or .
Reliance General Insurance has issued ESOPs to its employees. Khaitan & Co in its legal opinion submitted to the RGIC has opined that under IBC, treatment of assets and liabilities of subsidiary companies are not permitted to be prescribed under a resolution plan for the holding company. The IBC recognises the principle of separate legal entity , which means that once incorporated, the company becomes a separate legal person and has a personality that is distinct from the person responsible for its constitution.
Reliance General Insurance Takes Legal Opinion On Hinduja's Plan To Extinguish ESOPs Of RCAP Subsidiaries freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Reliance General Insurance takes legal opinion on Hinduja's plan to extinguish ESOPs of RCAP subsidiaries - Industry News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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