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..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- Should I report my US salary for January, February, March in Schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
