SEBI's Pre-clearance FAQs: Where ESOP and Off-Market Exemptions Actually End
Source: SEBI's Comprehensive FAQs on SEBI (PIT) Regulations, 2015, dated December 31, 2024 — Section F, "Pre-clearance" (Q.25–Q.28).
Why this section matters
Pre-clearance is the day-to-day compliance mechanism most designated persons actually interact with, so ambiguity here creates friction constantly