ESOP clause in AOA and MOA

[falguni shah]

Dear Members,

Can anyone help in identifying ESOP clause in AOA?

My Company CAPITAL CLAUSE

CAPITAL

5.      The Authorised Share Capital of the Company is as stated in clause V of Memorandum of Association of the Company with power to increase and/or reduce such capital from time to time in accordance with the regulation of the Company and the legislative provisions for the time being in force in this behalf and with power to divide the shares in the capital for the time being into equity share capital and preference share capital and to attach there to respectively any preferential, qualified or special rights, privileges or conditions. If and whenever the capital of the Company is divided into shares of different classes, the right of any such class may be varied, modified, effected, extended, abrogated or surrendered as provided in the Articles of Association of the Company and the legislative provisions for the time being in force.

Does this require change in AOA Clause for approval of ESOP Scheme.?

Also wanted to know in Capital Clause of MOA is there any specific word to be added for ESOP ? as we have unutilized share capital of 5 cr in which ESOP will form part of 1 Cr. 

Please if anyone can help to resolve my query.

Regards

Falguni Shah.

Mob 9766450422

 

[Gopal Rathnam]

THESE are the resolutions i had passes long time ago. This could be of some use to u