For esop in a pvt ltd company aoa required to be alter?

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A private limited company is having a plan to offer shares to it's employees under ESOP scheme.. For this Only Special Resolution is enough or Articles of Association is also required alteration?

 

*This is first time the company going to offer shares under ESOP scheme.

 

 

Replies (1)

You should alter AOA suitably if no express provision for ESOP is incorporated in AOA. 


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