Mumbai | 15 Oct, 2020 (5 days, 20 hours ago)

Corporate Litigation

Director's Liability if shares not allotted against ESOP

What would be the Board of Director's liability if shares are not allotted to an ex-employee exercising ESOP because he is not agreeable to the shareholding terms and conditions proposed by the Company. What would be the Director's liability if the ex-employee challenges such non-grant of shares?
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