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What are the Primary Market and Secondary Market?
The Capital market, where companies or governments directly issue securities (debt-based or equity-based) to raise funds, is called Primary Market. In the primary market, the issuer sells securities at predetermined prices. The buyers in the market ...
What is the procedure for ESOP by an unlisted company?
Exercise of Options by the employees; Allotment of Shares. As and when options are exercised, Company shall file form PAS-3 (Return of Allotment) with ROC. The company shall maintain a Register of Employee Stock Options in form SH-6 and shall ...
What is AOA?
In corporate governance, a company's articles of association (AoA, called articles of incorporation in some jurisdictions) is a document which, along with the memorandum of association (in cases where the memorandum exists) form the company's ...
What is DIS?
The delivery instruction slip is like a cheque issued to the bank with instructions to credit securities to a recipient account. It is important to fill the form carefully by cross-checking all the elements. To complete the transfer of securities DIS ...
What is ROFR ?
Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a ...