Transfer of esop shares
This query is : Resolved
21 February 2013
Dear Experts,
In my company, ESOP shares are held by a trust.
The shares of one of the employees are to be transferred in the name of a director's father. Director's father is not an employee of company.
The employee is no longer associated with the company
What would be the procedure for such transfer.
Please advice.
Regards,
Rohini
In my company, ESOP shares are held by a trust.
The shares of one of the employees are to be transferred in the name of a director's father. Director's father is not an employee of company.
The employee is no longer associated with the company
What would be the procedure for such transfer.
Please advice.
Regards,
Rohini
21 February 2013
Dear Rohini,
The concept of ESOP Trust is that the options vest in the trust and as soon as the employee exercises the options, the shares are transferred to the employee..
the transfer procedure is the same as the normal transfer ie. filling up of the transfer deed etc..
so i suppose, the same process is required to be followed in your case also.
- Ankit
The concept of ESOP Trust is that the options vest in the trust and as soon as the employee exercises the options, the shares are transferred to the employee..
the transfer procedure is the same as the normal transfer ie. filling up of the transfer deed etc..
so i suppose, the same process is required to be followed in your case also.
- Ankit
21 February 2013
OK ...In case of any such transfer in unlisted public company, do we need to go for any valuation (if the consideration per share is more than the face value)?
Thanks for your reply
Thanks for your reply
21 February 2013
you are welcome Rohini.
I dont thin valuation is required as per law..
I dont thin valuation is required as per law..
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