For esop in a pvt ltd company aoa required to be alter?

suresh karthick (CS Final and CA inter) (54 Points)

09 July 2012  

A private limited company is having a plan to offer shares to it's employees under ESOP scheme.. For this Only Special Resolution is enough or Articles of Association is also required alteration?

 

*This is first time the company going to offer shares under ESOP scheme.