suresh karthick (CS Final and CA inter) (54 Points)
09 July 2012A 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.
CS Mitesh Mehta
(Company Secretary)
(17139 Points)
Replied 09 July 2012
You should alter AOA suitably if no express provision for ESOP is incorporated in AOA.
CAclubindia
