Trustee for ESOP (Listed)

Trustee for ESOP(Listed Shares)

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.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.
  • Ensure filing of necessary statements / reports by the Company the trust through new issue, as may be applicable.
  • Operations of trust including share transfers upon option exercise by employees.
Assisting in preparation & maintenance of books of accounts, getting the trust accounts audited, filing of tax returns & all tax compliance of the trust.