The ESOP Structure Shareholder Approval: The Structuring Of ESOP. Company’s shareholders must approve the concern of an Employee Stock Ownership Scheme. Employees who may be granted ESOPs: The following “Employees” may be granted ESOPs: A company permanent employee who has
Continue ReadingGratuity Accounting Standard 15 GRATUITY is a type of employee benefit plan known as a Defined Benefits Obligation (DBO) Plan. Since The term ‘gratuity’ is derived from the word gratitude, and it refers to a thank you expressed by the
Continue ReadingAS15 R (Accounting Standard 15 Revised) AS15 R (i) short-term employee benefits such as wages; (ii) post-employment benefits such as gratuity; (iii) other long-term employee benefits such as sabbatical leave; and (iv) termination benefits. AS 15 was issued by ICAI
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What is Gratuity? When you work with dedication for a long period for an organization, you want your organization to repay you in some form. Gratuity is one method by which corporations recognize and reward the work and dedication of
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