ESOP (S.62(1)(b))
Employee Stock Option Plan: Board + SR for each scheme, minimum 1-year vesting. ESOP (S.62(1)(b)) takes 6 steps over about 125 days and is filed with the ROC on MGT-14.
Last updated: 10 August 2026
What 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.
What is the timeline for ESOP (S.62(1)(b))?
6 steps over about 125 days, filing MGT-14 with the ROC. Each deadline below runs from the step before it.
| # | Step | Form filed | Deadline |
|---|---|---|---|
| 1 | Draft ESOP Scheme | None | within 14 days |
| 2 | Board Approval | None | within 7 days |
| 3 | Pass Separate SR for Each Scheme | None | within 30 days |
| 4 | File MGT-14 | MGT-14 | within 30 days |
| 5 | Grant Options to Employees | None | within 14 days |
| 6 | SEBI Filings (if listed) | None | within 30 days |
What are the steps, in order?
The 6 steps below run in order; the day counts show how long each one allows.
Draft ESOP Scheme
Draft ESOP scheme with grant price, vesting schedule (min 1 year), exercise period, and eligibility.
Board Approval
Board approves the ESOP scheme.
Pass Separate SR for Each Scheme
Members pass SR at GM. Separate SR required for each ESOP scheme.
File MGT-14
File SR with ROC.
Grant Options to Employees
Issue grant letters to eligible employees as per scheme terms.
SEBI Filings (if listed)
File required disclosures with SEBI for listed companies.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.
Common questions
How long does ESOP (S.62(1)(b)) take?
About 125 days across 6 steps. The first step is: Draft ESOP Scheme.
Which MCA form is filed for ESOP (S.62(1)(b))?
MGT-14. MGT-14 is the filing of resolutions filing under §117 of the Companies Act 2013.
What does it cost if MGT-14 is filed late?
MCA charges additional fees that rise with the delay, up to 12 times the normal filing fee.
Can OnCompliance run ESOP (S.62(1)(b)) for me?
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.