Strong Ltd. is contemplating to introduce Employees Stock Purchase Scheme (ESPS). As a Practising Company Secretary, advise the management on the following issues : (ii) Is there any restriction on the price of shares to
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2016
Strong Ltd. is contemplating to introduce Employees Stock Purchase Scheme (ESPS). As a Practising Company Secretary, advise the management on the following issues : (ii) Is there any restriction on the price of shares to be issued under ESPS ?
Answer & Explanation:
The company may determine the price of shares to be issued under an ESPS, provided they conform to the provisions of accounting policies under regulation 15.
Topics: Employee Stock Option Schemes (ESOS)
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