90,000+ Legal Questions Answered

Director's Liability if shares not granted against ESOP Director's Liability if shares not granted against ESOP

3 years ago

What is the Board of director's liability in the event that they dont allot shares to an ex-employee exercising his ESOP for reason that he is not agreeable to the shareholding terms & Conditions proposed by the Company? What is the director's liability if the ex-employee challenges such non allotment?

Read Related Answers

question iconNotice period buyout during probation
Dear Client, If there is no provision for a buyout of a fraction period of the total notice period in the policy of the Company, you cannot opt for it as a matter of right. Either you have to serve th...
question iconListed company registered office in residential premises.
Dear Client, The use of a residential building for commercial purposes is not permissible under the law unless the class or character of the building is converted by the competent authority i.e, Munic...
question iconBoss told me to resign
Dear Client, An employee who is being forced to tender a resignation that amounted to illegal retrenchment/termination, if you can prove the allegation with substantial evidence. Once you succeed in p...
question iconCommercial flate
Dear Client, Regardless of the character of the flat, commercial or residential, a common area maintenance(CAM) charge is payable by the owner of the flat to a Society or Association.
question iconResignation wihout notice period
Dear Client, A resignation without complying with the terms of employment i.e, service of notice period may liable an employee to face legal consequences for breach of terms of the contract. An employ...