Is there any requirement for the constitution of Compansation Committee while issuing ESOP by Private or Unlisted Public Companies?
Jatin Bajaj
(CS)
(2928 Points)
Replied 30 June 2016
According to section 62(1)(b) , Read with Rule 12 of Share capital and debenture rule,
A Company other than listed company which is not required to comply with SEBI ESOP guidlines, ie. Private Companies and unlisted public Companies is not require to comply with seprate constitution of Compensation commitee.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
