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ESOP (S.62(1)(b))

Employee Stock Option Plan: Board + SR for each scheme, minimum 1-year vesting

6 steps~125 days start to finishfiles MGT-14
If it’s filed late

MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee. OnCompliance tracks the date and warns you before it costs anything.

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The steps, in order

1

Draft ESOP Scheme

Draft ESOP scheme with grant price, vesting schedule (min 1 year), exercise period, and eligibility.

within 14 days · document made for you
2

Board Approval

Board approves the ESOP scheme.

within 7 days
3

Pass Separate SR for Each Scheme

Members pass SR at GM. Separate SR required for each ESOP scheme.

within 30 days
4

File MGT-14

File SR with ROC.

within 30 days · files MGT-14
5

Grant Options to Employees

Issue grant letters to eligible employees as per scheme terms.

within 14 days · document made for you
6

SEBI Filings (if listed)

File required disclosures with SEBI for listed companies.

within 30 days

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