You are appointed as Secretarial Auditor by ESB Ltd, a Listed Company to conduct the secretarial audit for financial year 2020-21. While carrying out the audit, it was found that Company has made the following major acti
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2021
You are appointed as Secretarial Auditor by ESB Ltd, a Listed Company to conduct the secretarial audit for financial year 2020-21. While carrying out the audit, it was found that Company has made the following major activity: Company has issued the Employee Stock Option for 20 lakh equity shares. In each of above event, describe the indicative list of documents to be checked.
Answer & Explanation:
Indicative list of documents to be checked for Employee Stock Option: Minutes of Board Meeting. Notice of general meeting and Special Resolution approving ESOP alongwith explanatory statement. Minutes of General meeting. Scheme of the ESOP approved by the shareholders. Board's Report. Register of Employee Stock Option (Form SH-6). PAS-3, MGT-14. Payment of stamp duty on allotment of shares. Terms & Conditions, In-principle approvals, minutes etc. as per SEBI (Share Based Employees Benefit) Regulations, 2014. Intimations, Disclosures, voting results etc. as per SEBI (LODR) Regulations, 2015.
Topics: Secretarial Audit
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