Dear People,
I am working in a listed Manufacturing company in Mumbai as Sr. HR Executive. They want to start ESOP - Employee Stock Ownership Plan. Kindly guide me regarding ESOP. I have no experience in this domain.
Thank you.
Regards,
Shwetavi
From India, Pune
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3I am working in a listed Manufacturing company in Mumbai as Sr. HR Executive. They want to start ESOP - Employee Stock Ownership Plan. Kindly guide me regarding ESOP. I have no experience in this domain.
Thank you.
Regards,
Shwetavi
From India, Pune
Acknowledge(0)Amend(0)
Legal Approvals for ESOP
ESOP needs legal approvals from shareholders. It is not a matter to be dealt with by HR alone. It will require a lot of effort from your legal and secretarial team as the matter will need approval from the Board of Directors and the shareholders. It shall be governed by the ESOP guidelines issued by SEBI and also the provisions of the Companies Act, 2013.
In case you wish to seek professional help in the matter, please feel free to connect with us, and we will be pleased to guide you.
Thanks,
Kind Regards,
Avika Kapoor
Vice President - Operations
Website: Kapgrow
From India, New Delhi
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ESOP needs legal approvals from shareholders. It is not a matter to be dealt with by HR alone. It will require a lot of effort from your legal and secretarial team as the matter will need approval from the Board of Directors and the shareholders. It shall be governed by the ESOP guidelines issued by SEBI and also the provisions of the Companies Act, 2013.
In case you wish to seek professional help in the matter, please feel free to connect with us, and we will be pleased to guide you.
Thanks,
Kind Regards,
Avika Kapoor
Vice President - Operations
Website: Kapgrow
From India, New Delhi
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(Fact Checked)-[The user reply provides accurate information regarding ESOP requiring legal approvals from shareholders, involvement of legal and secretarial teams, approval from the Board of Directors and Shareholders, governance by ESOP guidelines by SEBI, and provisions of the Companies Act, 2013. The offer to seek professional help is also a good suggestion.] (1 Acknowledge point)