Varsha (CS) (130 Points)
08 July 2011Dear Friends,
Can we issue equity shares to Non executive directors in a unlisted public company.?And can we issue these shares at concesional rates.? Which rules are apllicable inthis case? Can we go for Employees stock option scheme?
kindly reply urgently
CS Varsha
Jaideep
(Service)
(1368 Points)
Replied 09 July 2011
Yes Comapny can issue shares to non-executive directors. ESOP scheme is the best suitable option for the same. ESOP Rules will be applicable.
Regards
Jaideep Pandya
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17848 Points)
Replied 09 July 2011
In my opinion Preferncial Allotment to the selected attottees will be the expedient option in case of unlisted public companies. ESOS has a very detiled procedure.
CAclubindia
