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The Startup Gig


Are you looking to attract top talents to your company while affording the liquidity to the company?

Overview of ESOP Services by THE Startup Gig

ESOP (Employee Stock Ownership Plan) services provided by THE Startup Gig encompass a range of offerings tailored to startups seeking to implement equity-based compensation plans for their employees. 

ESOP serves as a means of rewarding company employees through stock option plans in addition to their fixed compensation. It allows eligible employees to purchase company stocks at a predetermined or discounted price.

Emerging companies typically encounter numerous legal considerations but often lack the personnel and financial resources to comprehensively address them all. Due to a shortage of in-house human resources and legal expertise, many emerging companies adopt a reactive approach to HR-related issues, only tackling problems as they arise.

Nevertheless, there are several common employment law issues where proactive understanding and planning can significantly reduce the risk of costly legal complications downstream.


Best ESOP Consultants

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Our common aim is to bring more transparency and efficiency to entrepreneurs and startups in regards to legal and other essential aspects, providing the correct resources and services for entrepreneurs at every stage in the startup journey

Comprehensive ESOP For Startups Solution

Our concrete recommendation and solutions will ensure smooth operations and reduce the risk of any potential pitfall. Our pedigree in working with start-ups, makes our approach more service oriented

A Startup helping Startups

The Startup-Gig being a start-up itself, works with the vision to make the journey for other fellow start-ups work and aims to make the deals work.We understand the nuances involved in the process better than anyone.

All Legal Solutions under one roof

Under one roof we provide the correct legal and other essential resources and services for entrepreneurs. From helping the company with the ESOP plan and the ESOP agreement to guiding you with the filing of essential forms.

4.9 Customer Rating

We love helping startups in raising funds and our clients like what we do, check out our reviews on google. We have got 4.9 Customer rating in google from our clients

How do ESOPs benefit the employees and the employers?

ESOPs (Employee Stock Ownership Plans) offer various benefits to both employees and employers:

Benefits for Employees:

  1. Ownership Stake: ESOPs provide employees with a sense of ownership in the company. By holding company stock, employees are more invested in the company’s success and may feel a stronger commitment to its long-term goals.

  2. Financial Incentive: Employees have the opportunity to benefit financially from the company’s performance. As the company grows and the stock value increases, employees can see their stock holdings appreciate, potentially leading to significant financial gains.

  3. Alignment of Interests: ESOPs align the interests of employees with those of the company and its shareholders. When employees are also shareholders, they are more likely to make decisions that benefit the company’s overall performance and value.

  4. Retention Tool: ESOPs can be an effective tool for retaining top talent. Employees may be more inclined to stay with the company if they have a vested interest in its success and see the potential for financial rewards through their stock holdings.

Benefits for Employers:

  1. Employee Motivation and Engagement: ESOPs can boost employee morale, motivation, and engagement. When employees have a stake in the company’s success, they are often more motivated to work hard, innovate, and contribute to the company’s growth.

  2. Recruitment Tool: Offering an ESOP can make a company more attractive to prospective employees. The opportunity to own a stake in the company can be a compelling incentive for talented individuals to join the organization.

  3. Retention and Loyalty: ESOPs can help companies retain key employees over the long term. Employees who have a financial interest in the company are less likely to leave, reducing turnover and the costs associated with recruiting and training new staff.

  4. Tax Benefits: In some cases, ESOPs offer tax advantages for both the company and its employees. Contributions to the ESOP may be tax-deductible for the employer, while employees may enjoy tax-deferred growth on their stock holdings until they are eventually sold.

The legal framework governing ESOPs in India

The issuance of ESOPs is governed under Section 62(1)(b) of the Companies Act, 2013. It reads

S.62: Further issue of share capital.—(1) Where at any time, a company having a share capital proposes to increase its subscribed capital by the issue of further shares, such shares shall be offered –

(b) to employees under a scheme of employees‘ stock option, subject to special resolution passed by company and subject to such conditions as may be prescribed.

What kinds of employees are eligible for ESOPs?

According to Rule 12 of the Companies (Share Capital and Debenture) Rules, 2014, the following individuals are eligible for ESOPs:

(a) A permanent employee of the company who has been working in India or outside India;

(b) A director of the company, whether a whole-time director or not, but excluding an independent director;

(c) An employee defined in clause (a) or (b) of a subsidiary, in India or outside India, or of a holding company of the company.

However, this does not include:

(i) An employee who is a promoter or a person belonging to the promoter group;
(ii) A director who, either personally or through a relative or any corporate body, directly or indirectly, holds more than ten percent of the outstanding equity shares of the company.

In the case of a start-up company, the conditions specified in sub-clauses (i) and (ii) shall not apply for up to five years from the date of its incorporation or registration.

This is as defined in notification number GSR 180(E), dated 17th February 2016, issued by the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India.


Iyer Gayatri
Iyer Gayatri
I would highly recommend Ms Pooja Terwad and her team .They are very professional and responsive. Pooja is generous with her knowledge and makes sure that all our queries are well attended. Glad to be associated with The Startup Gig.
Aakanksha G Paranjpe
Aakanksha G Paranjpe
Pooja and the team at The Startup Gig are extremely helpful, prompt and will give you sound legal advice- crucial for any new company. Thanks for always being just a phone call away!
Mantuja Bibi
Mantuja Bibi
The view Pooja handles her clients is commendable. For my startup..I couldn't have had a better lawyer. She spends a lot of time understanding the issue and then comes up with the best solution. Her team is equally competent. I have worked with Pooja and Shubhi on multiple contracts and transactions.
Aman Dasot
Aman Dasot
The company has been really helpful and has provided with very professional work and the most commendable part was the friendly guidance through the legalities. Kudos to Pooja and Deekhit:)
Saurabh Gupta
Saurabh Gupta
Great work by The Startup Gig! We have used their services and they are top notch in their segment. I would highly recommend their services to those who are running a startup and need a modern solution when it comes to legal matters.
Gaurav Srivastav
Gaurav Srivastav
Pooja is a ball of fire, gets the gist of the conversation quickly and is able to pin point important things to consider accurately. She is also able to give a quick holistic view of the available solutions.
Vaneet Garg
Vaneet Garg
Very Professional, helpful, listens to you with whole heartedly, Guide you in an efficient and realistic manner. Very satisfied with my interaction with them
Arjun Vijayanarayanan
Arjun Vijayanarayanan
I had a wonderful experience working with Pooja on a startup exit settlement agreement. All the processes, communications and pricing were all amazing. Their knowledge on all startup related issues/concerns and being flexible working with startups are all key for any startup to collaborate with The startup GIg 🙂 I highly recommend their services and I wish them the best 🙂
Pooja Terwad was quite responsive and patient enough in dealing my case. Also due to the current situation , she adjusted her schedule to suit my needs and we could do most of our discussion online which was time saving. Thank you so much for all the help that you done for me
Saurabh Agnihotri
Saurabh Agnihotri
For a startup there are too many things for founders to focus on. Thankfully startup gig reduces your burden for host of services related to legal and compliance and let’s you focus on your core work. It has been a very fruitful relationship for us.
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Frequently Asked Questions for  Fundraising Advisory Services For Startups

What is the full form of ESOP ?
Employee Stock Ownership Plan is the full form of ESOP
What is an ESOP ?
ESOP stands for Employment Stock Ownership Plan. Generally, if you are an employee you get rewarded for your work in the form of a salary and we have often heard employees comparing their profits to the profits of the owners
Will my company's information remain confidential?
Yes, they do. We sign an NDA and you can always pitch your business without disclosing your classified information