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Esop

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Querist : Anonymous (Querist)
21 August 2012 If parent company (foreign) issues its shares to employees of subsidiary company by way of ESOP what all formalities to be complied with? Is there any disclosure requirement in the Directors report of subsidiary company?
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Amol S Joglekar

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Amol S Joglekar (Expert)
21 August 2012 Taking the subsidiary as INDIAN company: The employees, presumably, resident in India, are required to show the foreign assets in ITR. The subsidiary company shall disclose the fact in its report about the ESOP.
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