ESOP Checklist

[Santosh Bangar]

Dear Learned Members,

Please share the procedural compliance and set of formats/checklist of ESOP for a private company.

Best regards,

Santosh

[Deepak Sadhu]

Hi Santosh 

Here is the process below:

ESOP IN UNLISTED PUBLIC COMPANY AND PRIVATE COMPANY

Checklist for issue of ESOP in private company or unlisted public company: 

1.       Formation of Compensation Committee; 

2.       Authorisation to compensation committee for drafting ESOP scheme; 

3.       Compensation Committee will draft the scheme and present it to the board for their approval 

4.       After approving the scheme board will call EGM for approval of scheme by Shareholders; 

5.       Approval of ESOP Scheme by Shareholders 

6.       After approval of ESOP scheme by the shareholders Compensation Committee will grant options to the eligible employees; 

7.       Vesting of Option; 

8.       Exercise of Options; 

9.       Allotment of Shares.

Regards

CS DEEPAK SADHU

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[Santosh Bangar]

Hi Deepak,

Thank you for the checklist.

Do you have any formats of ESOP Schemes/resolutions by chance. It would be great if you could share the same.

Best regards,

Santosh

[Deepak Sadhu]

Hi Santosh

I will find out on the checklist and mail u

Regards

CS Deepak Sadhu

[Santosh Bangar]

Hi Mr. Deepak,

Thank you.

Best regards,

Santosh

[Sanchit Ranade]

Dear Sir,

Could you send me format of ESOp scheme as well?

 Would be highly obliged

[Pooja]

Sir,

Could you please send me the format as well??

Thank you in advance.

Regards,

Pooja