Seeking Guidance on Implementing ESOP in a Manufacturing Company – Any Advice?

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

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