A private Company wishes to adopt an ESOP Scheme. As per the exemptions available to private companies, a Ordinary Resolution as per Section 62(1)(b) needs to be passed. I wanted to know if the Ordinary Resolution needs to be filed in ROC in Form MGT-14 ?
1 Replies
CS Smreti
(cs)
(641 Points)
Replied 24 January 2018
In the drop down option, ESOP is there. Further though ordinary not required, board resolution ti be filed.
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