Companies act

Can a Private Limited Company Give their Shares to Full time Employees as Employee Stock Option Plan as freely ?

If we cont give as free what is minimum amount to take if the Company Face Value 10/-.......

Replies (1)

Yes, as per section 62(1)(b), Read with Rule 12 Share capital and Debentures Rules, a Private Company by passing  ordanary resolution in General meeting  shall offer shares to employees under the scheme of ESOP

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