1. ESOP Procedural – Flowchart
Date
ESOP Procedural – Flowchart
Receipt of Cheque by CC &
Fwd request to Board + HR
Hold BM for allotment of Shares
Drafting of ESOP Scheme
Conderation of ESOP Scheme
by Board & proposing
constitution of ‘Compensation
Committee’ (CC)
RBI reporting - receipt of money
if Non Resident employee
Convey allotment to CC & HR
Employees exercising options –
fwdng application to CC along with
Cheque/ DD (Ref. F-III)
HR intimating allotment to
Concerned Employee (Ref. F-VIII)
Consideration of ESOP Scheme
in EGM & authorisation for
Constitution of CC.
Entry into Register of Members
Communicate – Vesting period
Filing of form 23 with ROC
Reporting to:
ROC
RBI, if applicable
Acceptance of Grant (Ref. F-II)
with in 30 days
Meeting of CC - determination
of eligibility criteria, exercise price,
vesting Period, exercise period etc.
Communicate – Grant of options
to Employees (Ref. F-I)