ESOP Consulting
Is the administration/communication of your ESOP taking up too much of your time or becoming too much of a burden on your staff? If so, outsourcing your ESOP administration requirements and your employee communication needs to Sumanth & Associates may be just the answer you have been looking for.
Sumanth & Associates provides end-to-end services covering the entire lifecycle of Equity compensation Plans. We design the Plan, help you roll it out to employees and also manage it for you on a day-to-day basis. With ESOPs being adopted by wider spectrum of companies, more regulations being enforced, global plans and overseas employees being covered, ESOP is fast becoming a subject requiring specialized knowledge and expertise. Offload the process to Sumanth & Associates professionals who are aware about the issues involved, the prevailing laws and the best practices in the field.
Planning
- Conceptualization of the plan
- Assist to set the right frames for varied requirements.
- Design & document the most appropriate ESOP plan in alignment with corporate objective & management perspectives.
- Analysis of the Existing ESOP Schemes and upgrade them to increase their effectiveness.
Implementation
- Pass necessary shareholder and board resolution for adopting the scheme
- Interactive sessions with the employees to educate them on stock options
- Set up systems & procedure for smooth & hassle free implementation of ESOPs
Administration
- Execution of Grant letters and Grant agreements to option grantees
- Track Status of acceptance of grant by employees
- Beneficiary/Nominee form execution
- Managing the complete lifecycle of ESOP.
Valuation
- Providing ESOP Valuation report
- Assist in Accounting Entries to book compensation cost in Books of Accounts as per the prescribed accounting standards
- Providing necessary Disclosures in Directors Report / Notes to Accounts are made
- Compliances under FEMA and SEBI Laws.
- Obtaining Regulatory Approvals
Trust Management
- Legal Documentation of Trust Creation
- Registration of trust
MIS reports
- Grant Consolidated Report
- Grant Summary Report
- Cancellation / Lapse Report
- Vestwise Report
- Individual Options Summary Report