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What is Employee Stock Option Plan (ESOP) ? |
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Answer» Under Section 62 (1) (b) of the Companies Act, 2013, a Company may Offer Shares to its Employees under a Scheme of "Employee Stock Option" by Passing a Special Resolution at the General Meeting of the Company . Employee Stock Option means the Option (Right and Not an Obligation) given to the Whole Time Directors, Officers and Employees Right to Purchase or Subscribe at a Future Date, the Securities Offered by the Company at a Pre Determined Price, which Usually is Lower than the Market Price . |
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