As much time and energy is spent entering into a business relationship, the same, if not more, attention is paid to getting out of one. Although each company and its dynamic between its shareholders differ on a case-to-case basis, the need for a suitable exit strategy is universal.

It is true that for any organisation be it is Micro, Small, Medium or large scale “employees” are the most important asset. As organisation grows its business, there will be recruitment of employees’ time comes to recognise the importance of labour law compliance and put process in place to ensure compliances.

Section 2(37) of Companies Act, 2013 defines “employees stock option” which means, ‘the option given to the directors, officers or employees of the company or of its holding or subsidiary company or companies, if any, which gives such directors, officers or employees, the benefit or right to purchase, or to subscribe for, the shares of the company at a future date at pre-determined price.

Alternative Investment Funds (AIFs) are basically a pool of funds where the funds are collected from investors to invest it according to a defined investment policy so that the investors can benefit from it. It can be invested in real estate, startups, SMEs, hedge funds, social venture funds and venture capital funds.

Section 173(1) of the Companies Act, 2013: Every company shall hold the first meeting of the Board of Directors within 30 (Thirty) days from the date of its incorporation and thereafter hold a minimum of 4 (Four) meetings of its Board of Directors every year in such a manner that not more than 120 (One hundred and twenty) days shall intervene between 2 (Two) consecutive meetings of the Board.

Every company shall hold the first meeting of the Board of Directors within 30 (Thirty) days from the date of its incorporation and thereafter hold a minimum of 4 (Four) meetings of its Board of Directors every year in such a manner that not more than 120 (One hundred and twenty) days shall intervene between 2 (Two) consecutive meetings of the Board.