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) Smart Ltd. is an indepen
CS Executive · Securities Laws and Capital Markets · PYQS · December 2018
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) Smart Ltd. is an independent company.
Answer & Explanation:
No. Since Smart Ltd. is a company, the Companies Act, 2013 and rules made there under does not recognise a company as an employee.
Topics: Companies Act, 2013
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