Board resolution, adoption of the ESOP scheme
A single format from the Employee Stock Options pack. s.62(1)(b) · Rule 12 · G.S.R. 464(E).
- 2 pages
- 15
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, adoption of the ESOP schemes.62(1)(b) · Rule 12 · G.S.R. 464(E)
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Extract from the minutes of the meeting of the Board of Directors of [Company Name] Private Limited held on [Date of board meeting adopting the ESOP scheme]
ADOPTION OF THE [COMPANY NAME] EMPLOYEE STOCK OPTION SCHEME [20__]
The Chairman informed the Board that in order to attract, retain and reward employees, it was proposed to adopt an employee stock option scheme to be known as the "[Company Name] Employee Stock Option Scheme [20__]" ("Scheme"), under which options exercisable into not more than [Maximum equity shares issuable under the scheme] equity shares of the face value of Rs [Face value of each equity share (Rs)] each, representing approximately [Scheme pool as % of fully diluted share capital]% of the fully diluted share capital of the Company, would be granted to eligible employees.