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    Approval of Shareholders upon granting of ESOP's to employee of Subsidiary Co

    Posted By : Shiriti / Published on : 21-Jul-2020 02:39 PM / View : 641 / Comment : 0

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    Dear Experts,

    In accordance with Rule 12(4) Companies (Share Capital and Debentures) Rules, 2014 -

    The approval of shareholders by way of separate resolution shall be obtained by the company in case of - grant of option to employees of subsidiary or holding company

    Query:
    1. Can we pass One general resolution authorizing Board to grant ESOP's to employee of subsidiary company? or Do we need to conduct separate General meeting everytime company propose to grant to ESOP's to employee of subsidiary?
    2. Can we hold general meeting and pass the aforesaid resolution after the date of grant of options to employee of subsidiary?
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