https://www.taxtmi.com/forum/issue?id=120006 The Companies Act requirement for a special resolution for ESOPs was modified by notifications to exempt private companies, allowing issuance by ordinary resolution, but the Companies (Share Capital and Debentures) Rules still prescribe shareholder approval by special resolution and remain unamended, creating a regulatory inconsistency and practical compliance risk; best practice is to pass a special resolution until formal clarification or amendment is issued. en-us Tue, 13 May 2025 17:47:09 +0530 Thu, 15 May 2025 14:24:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120006 The Companies Act requirement for a special resolution for ESOPs was modified by notifications to exempt private companies, allowing issuance by ordinary resolution, but the Companies (Share Capital and Debentures) Rules still prescribe shareholder approval by special resolution and remain unamended, creating a regulatory inconsistency and practical compliance risk; best practice is to pass a special resolution until formal clarification or amendment is issued. Discussion-Forum Companies Law Tue, 13 May 2025 17:47:09 +0530 https://www.taxtmi.com/forum/issue?id=120006