ESOP

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BHAWANI RAO (Querist)
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03 June 2010 My company has approved ESOP scheme in the year two year back, but has not alloted shares under ESOP scheme. Now my Co. want to allot shares under this esop. what has to be done. Is after allotment preferential guidelines has to be followed. (ROC form 2, listing & trading)

Kindly help me out.

Regards

Ankur Garg

Ankur Garg (Expert)
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04 June 2010 First read carefully your ESOP scheme along with old ESOP approval resolution passed by shareholder for terms and conditions.

After allotment of equity shares in the ESOP committee meeting or board meeting upon exercise of options by eligible employees you have to file listing application with stock exchange.

Simply follow the sebi ESOP guidelines and not preferential guideline.

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