Employee stock option fraud

yogi (Querist) 22 February 2017 This query is : Resolved
Hi,

I was employee of pvt ltd unlisted company. Company has been giving me ESOP worth 3L since 2 years and not I have resigned and asking money back since they have not followed procedures and there is no polocies on ESOP mentioned. I consider this as fraud and breach of rules and regulations of ROC bangalore. ESOP is not in the perview of labour office. Can I approach civil court for this. What is the procedure. How to address civil court.

Follow Query

Report Abuse

Kumar Doab (Expert) 23 February 2017
Is this benefit/promise stated in appointment letter/contract of employment or in any other printed communiqué?

Pls post the extract.

yogi (Querist) 23 February 2017
Hi,

Yes, its in the form of revised offer document where company mentioned amount towards ESOP and this comes under CTC. Starting 2014 to 2016.

Kumar Doab (Expert) 23 February 2017
Post extract from 'revised offer document '

yogi (Querist) 23 February 2017
Hi,

Its simple document with complete tabular offer break up letter with ESOP column says some amount. At the end of the letter there is one note says "ESOP would be allotted as per the company policies". Actually there is no policy defined. Somehow i am not able to attach any document here.

Kumar Doab (Expert) 23 February 2017
Show all such documents; whatever these are: to a very able local counsel specializing in Labor/Service matters, for a considered opinion.

Rajendra K Goyal (Expert) 24 February 2017
Has the company provided ESOP facility to other employees.

Show all documents to some expert in service matters.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now