Answer the following with reference to the Companies (Share Capital and Debentures) Rules, 2014, as to whether these are the eligible employees under Employee Stock Option ? (Yes/No with reasons) Ankit is a permanent emp

Rule 12 of Companies (Share Capital and Debentures) Rules 2014, define the eligible employees for the purpose of employee stock option. The answers given below are based on the eligibility criteria set out in the rule: Yes. As per Rule 12 (1) (a), a permanent employee of the company who has been working in India or outside India. Hence, Ankit is an eligible employee for ESOP.