Vijay Shekhar Sharma of Paytm may not be eligible for stock options, according to a report

While Vijay Shekhar Sharma is not a promoter, he has powers similar to one, including a potential permanent seat on the board, according to a report.

According to proxy advice firm Institutional Investor Advisory Services, Paytm may be skirting regulations by granting staff stock options to founder and CEO Vijay Shekhar Sharma.