Hi,
One of our client is into pharma business (PVT LTD Company) and they have consultants (who are medical professionals) now company decided to allot stock options as Associate Stock Options (ASOP) to them, kindly suggest me what are the procedure and whether company can issue shares to their consultants.
as you are not listed company SEBI guidelines dont apply to you.
you can issue such options based on conditions like:
1. 3 yrs of service
2. Turnover if exceeds ____ crores
3. Net profit if exceeds______ lakhs
you have to account employees compensation over the period of vesting period.
you can refer icai study material for detailed study. ( download from icai website )
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