Employees Stock Purchase Scheme

An employee stock purchase plan (ESPP) is a company-run program in which participating employees can purchase company shares at a discounted price

employee stock purchase scheme under SEBI(ICDR)Regulation,2009 provides that it is a scheme under which permanent employee of company whether working in india or outside india get the SHARES of the company either directly in a public issue or through trust at a discounted price.
For this company need to pass special resolution
u/s62(1)(c) and if listed company shall comply with sebi regualtions and unlisted company shall comply with cg prescribe rules
Also,Esps have a lock in period and minimum vesting period of one year.