ESOP / EWT Trustee

Trustee to Employee Stock Option Plan (ESOP) & Employee Welfare Trust (EWT)

Employee Stock Option Plan (ESOP) is the option given to the whole time directors, officers or employees of a company which give such directors, officers or employees benefit or right to purchase or subscribe at a future date the securities offered by the company at a predetermined price. Employee Stock Option Plan (ESOP) forms a significant part in employee compensation structure, & plays major role in retention of talent in the company, provides the employees better monetary benefits

Scope of Service

  • Vetting of the draft Trust Deed and co-ordination with the Company for finalizing, execution and registration the trust deed
  • Ensure requisite shareholders’ approval for implementation of scheme/s and secondary acquisition of shares by the trust
  • Apply for PAN/ TAN for the Trust, Opening / operating Bank Account, Demat Account, Broking Account, Custodian Account of the Trust as may be required
  • Liasoning with the compensation committee of the company and issue/cause to be issued grant letters to the eligible employees
  • Ensuring compliance with SEBI (Share Based Employee Benefits) Regulations 2014 and listing requirements & filing of necessary statements / reports by the Company with SEBI, in-principle approval from stock exchange for issuance of shares to the trust through new issue, as may be applicable. Filing of necessary disclosures under SAST Regulations, if required

Assisting in preparation & maintenance of books of accounts, getting the trust accounts audited, filing of tax returns & all tax compliance of the trust.