Please guide, The Company is granting new options to the employees. the respective shareholders resolution is taken no wfor the grant of the options till the inprinciple approval what are the steps to be taken?
The steps post that shall be Hold compensation committee meeting Inform the SE about the same Take certificates from Merchant Banker and Auditors Apply for inprinciple approval receive the approval from the stock exchange vesting of options
Now my point is: As per clause 25 of the listing agreement it says that options granted shall be reported to the SE promptly.
What if the Company has made a delay (more than a month) in informing the SE about the Compensation Committee meeting what will be the consequences of that.
CAclubindia
