ESOP and ESPS

Excel classes by CA Rishabh Pugalia on CCI Online Coaching view more

close

Site Stream

Login | Register

Rss Twitter Mobile

Member Strength 1080510 and growing..

CCI ONLINE COACHING

NEWS

EXPERTS

ARTICLES

FILES

FORUM

JOBS

E-MAIL

EVENTS

STREAM

STUDENTS

CACLUB PRO

MORE

Home > Experts > Corporate Law > ESOP and ESPS

ESOP and ESPS (Corporate Law)

This query is : Resolved Dear Friends, I am in search for the detailed and elaborate procedure step wise for handling and implentation of ESOP and ESPS. Please do suggest. CS Raj Kashyap
( Author ) 09 June 2011

Regards Raj

Hi raj, for ESOP: ESOP ACTIVITY CHART CHECK-LIST Activity 1. Board Meeting for authorizing Compensation Committee to frame a suitable ESOP Scheme. Saroja
( Expert ) 09 June 2011

2. Compensation Committee Meeting to frame ESOP scheme. 3. Board Meeting to adopt ESOP Scheme and approving notice Convening General Meeting. 4. Intimate the Stock Exchange within 15 minutes of the conclusion of the Board meeting through a letter or Fax under Clause-22 Despatch 6 copies of the notice of the General meeting to the Stock Exchanges Remarks Should be issued to the Stock Exchanges before they are dispatched to the Shareholders of the Company

http://www.caclubindia.com/experts/esop-and-esps-685610.asp[17/06/2013 11:16:00]

ESOP and ESPS

5. Despatch the notice of the General Meeting of the Company. Remarks Atleast 21 days clear prior notice should be given 6. Obtain certificate from Statutory Auditors for Compliance of SEBI (Employee Stock Option Scheme), 1999. Remarks Where the Company has passed a resolution for approval of ESOP in a general meeting, the Board of Directors of the Company shall place before the shareholders at each Annual General Meeting, a Certificate from the Statutory Auditor of the Company that the Scheme has been implemented in accordance with these guidelines and in accordance with the resolution of the Company in the general meeting. 7. General Meeting to approve ESOP Scheme by passing Special Resolution Filing of Form 23 with RoC Remarks Within one month of passing resolution 8. Filing ESOP Scheme with IT Dept Remarks Furnish a copy of the document with the Chief Commissioner of Income Tax having jurisdiction over it, within a period of six months from the date of issue. The document shall contain particulars as specified in clause (2) of Employees Stock Option Plan or Scheme under Section 17(2)(iii) of Income Tax Act (as given in SEBI Guidelines for ESOP). 9. Apply for In principle approval from Stock Exchanges for listing of equity shares to be issued pursuant to the ESOP Scheme 2006 Remarks This approval be obtained once the options are granted Issuing Letter of Grant by Compensation Committee 10. Intimation to the Stock Exchange at the time of granting of options, with regard to No of shares covered under the options Terms of the options Time frame for exercising of options 11. Exercise of Options by Employees as per ESOP Scheme 12. Intimation to the Stock Exchange in respect of exercising of options and no of shares covered 13. Board Meeting to allot shares upon exercise of options 14. Filing Form 2 with RoC for ESOP 2006 allotment 15. Issue of share certificates / credit in demat account to ESOP 2006 allottees Remarks Within time frame of listing agreement 16. Apply for listing of the shares allotted Recent Popular Query Levy and collection of cess on limestone and dolomite monthl Minutes of remuneration committee Tds Projct finance Service tax on services provided by hospitals Merger of two private companies Salary received by a non resident Calculation of deferred tax asset/liability Surrender value of lic policy is taxable??
Search Experts
GO

DISCLOSURE IN ANNUAL REPORTS The Board of Directors shall, inter alia, disclose either in the Directors report or in the annexure to the Directors report, the following details of the ESOP: a) Options granted; b) The pricing formula; c) Options vested; d) Options exercised; e) The total number of shares arising as a result of exercise of option; f) Total number of options in force;

Quick Links
Experts Home Apply As Expert Daily Digest Show all queries Today's Posts Ask a Query Answer a Query Hall of Fame Settings (Only for experts)

http://www.caclubindia.com/experts/esop-and-esps-685610.asp[17/06/2013 11:16:00]

ESOP and ESPS

g) Diluted Earnings Per Share (EPS) pursuant to issue of shares on exercise of option calculated in accordance with the relevant Indian Accounting Standards h) Consideration received against issuance of shares. 1. Disclosures has to be made in the direct report: In particular the details of employees with respect to Senior Management Employees Particulars of employee who is getting more than 5% of options Specify the employees getting more than 1% of issued capital at the time of grant 2. Continual disclosures requirement The option grantee should receive all documents That are sent to the members of the company This shall include annual accounts as well as notices of meeting and accompanying explanatory statements. *****************

Subscribe to Expert Queries Feed

Enter your email address

The URL you requested has been bloc

The page you have requested has been blocked, because th
More Subscription Options Twitter Linkedin

The URL you requested has been blocked

Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login ( Similar Resolved Queries : Ceiling limit under the ESOP Scheme

) now

Cv Resume Format

Wood Finishing Trouble?

Geo-matching.com

1 Cr Cover @ Rs.22*/day

back to the top

www.LawyersClubindia.com | www.MBAclubindia.com

Let us grow stronger by mutual exchange of Knowledge

Twitter Facebook

http://www.caclubindia.com/experts/esop-and-esps-685610.asp[17/06/2013 11:16:00]

ESOP and ESPS

linkedin orkut RSS Feed google_plus

About We are Hiring Blog Advertise Terms of Use Disclaimer Privacy Policy Contact Us 2012 CAclubindia.com. All trademarks and copyrights are held by respective owners. Members comments/posts and files are owned by contributors.

http://www.caclubindia.com/experts/esop-and-esps-685610.asp[17/06/2013 11:16:00]