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Esop ??

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CS Premjith

CS Premjith (Querist)
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10 November 2011 Is it necessary for the Articles of a private company to authorise the issue of shares under ESOP?

RG - A Helping Hand

RG - A Helping Hand (Expert)
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10 November 2011 No it is not required at all.

However normally you may find this kind of authorisation in well drafted articles. So it is advisable to put ESOP clause in your AOA.

RG

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