Living with the times

At NovoJuris Legal, we believe sharing is caring and strive to share our research outputs relevant to the enterprises, founders, lawyers and knowledge professionals.

Advisors in Start-ups and Early Stage Companies

India is witnessing a high growth in the number of start-ups in the country and is also amongst the top start-up ecosystems in the world. The government has provided a few benefits to startups as well, through the Startup India

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By Paul Albert over 4 years ago
ESOP vesting: Can it be paused during maternity leave?

Employee Stock Option Schemes (“ESOPs”) are structured by companies such that the employees are granted options which is a right that vests over a period of time. Upon vesting the employee can ‘exercise’ and shares are allotted by the company

By Sharda Balaji over 4 years ago
Amendments to Companies Act and some relief to Permitted Startups

With the ability to modify the guidelines quick and fast, Companies Act has become dynamic. On 19 July 2016, the Ministry of Corporate Affairs notified the Companies (Share Capital and Debentures) Third Amendment Rules 2016 (Amendment) to amend certain provisions

By Sharda Balaji about 7 years ago
ESOP Unplugged

[slideshare id=33805419&style=border:1px solid #CCC; border-width:1px 1px 0; margin-bottom:5px; max-width: 100%;&sc=no] Author - Geetika Chandel, Associate with NovoJuris. Disclaimer: There are many details that the Act prescribes, please speak with your attorney for advice. This is not a legal opinion

By Sharda Balaji over 9 years ago
Confused about ESOP versus Sweat Equity versus Shares against services?

Founders have this question and here is a comparative: ESOP AND TAX IMPACT An Employee Stock Option Plan (ESOP) is an option given to the employees to buy the shares of the Company. Until the option is exercised and converts

By Sharda Balaji over 10 years ago
ESOP to employees outside India – Part V of the Series

We’re probably making the startup founder an expert on ESOPs :). Startups who work with us understand our obsession of making them a success. In this post, we’ll discuss about legal aspects of ESOP to employees of the Indian company based

By Sharda Balaji almost 12 years ago
De-mystifying ESOP Implementation – Part III of the series

It is nice to have you come back for more. In this post, we’ll cover the nuances for implementing an Employee Stock Option Plan (ESOP) through a Trust (formed under the Indian Trusts Act) This is a little complex compared

By Sharda Balaji almost 12 years ago
De-mystifying ESOP Implementation – Part II of the series.

The previous post covered the Basic Primer on Employee Stock Option Plan (ESOP/ Plan) In this post, we’re going to chart out a clear ‘How To’ process for Startups. Most startups know about ESOP Trust. May be, because amongst the

By Sharda Balaji almost 12 years ago
All about ESOPs – Part I of the series

An Employee Stock Option Plan (ESOP) is an option given to the employees to buy the shares of the Company. Until the option is exercised and converts into a share, an option holder does not get any shareholder rights of

By Sharda Balaji almost 12 years ago
Creation of ESOP Trust - Why complicate?

Many small sized organizations prefer to have the Board approving the grant of stock Options. In large organizations, they either have a Compensation Committee or set up a Trust. Many Indian companies, including Infosys Limited, have used trust route to

By Sharda Balaji over 12 years ago