Employee Stock Option Plan (ESOP) is the option given to the whole time directors, officers or employees of a company which give such directors, officers or employees benefit or right to purchase or subscribe at a future date the securities offered by the company at a predetermined price. Employee Stock Option Plan (ESOP) forms a significant part in employee compensation structure, & plays major role in retention of talent in the company, provides the employees better monetary benefits

 

Scope of Service

 

• Vetting of the draft Trust Deed and co-ordination with the Company for finalizing, execution and registration the trust deed;

• Ensure requisite shareholders’ approval for implementation of scheme/s and secondary acquisition of shares by the trust;

• Apply for PAN/ TAN for the Trust, Opening / operating Bank Account, Demat Account, Broking Account, Custodian Account of the Trust as may be required;

• Liasoning with the compensation committee of the company and issue/cause to be issued grant letters to the eligible employees;

• Ensuring compliance with SEBI (Share Based Employee Benefits) Regulations 2014 and listing requirements & filing of necessary statements / reports by the Company with SEBI, in-principle approval from stock exchange for issuance of shares  to the trust through new issue, as may be applicable. Filing of necessary disclosures under SAST Regulations, if required;

Assisting in preparation & maintenance of books of accounts, getting the trust accounts audited , filing of tax returns & all tax compliance of the trust.