ESOP clause in AOA

[ankit tater]

Dear All,

Please clarify whether it is mandatory to have clause for issuance of ESOPs in AOA for a private limited company.

Regards,

Ankit Tater 

[ankit tater]

Hi,

Please advise on this.

[reema chaurasia]

Hi,

Yes, it is mandatory to have an Issuance of ESOP Clause in AOA

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Thanks & Regards

CS Reema

Company Secretary

Reema & Associates

Contact No.: +91-9811866236

[Vineet Maheshwari]

No, it is not necessary to have a specific clause for issue of ESOPs or sweat equity shares. It is in the powers of the Board to issue these shares subject to compliance of relevant section / rules.

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