ESOP Administration

The Employee Stock Ownership Plan (ESOP) is a benefit scheme that gives employees ownership interest in companies. It's a corporate finance strategy that aligns the interest of employees with those of shareholders. The company usually holds the shares provided to employees in a trust for safety and growth, until the employee resigns or retires from the company.​

When establishing an ESOP, it's typical to use the services of an independent third party. At Vistra, we can support any entity or corporate that's keen to set up such a scheme.  ​

Similar in intent, Employee Welfare Trusts (EWT) are established to cater to employee welfare needs, such as funding child education, medical costs and extraordinary expenses not covered under compensation.​

We offer a suite of customised services in this area, which include:​

• Review of transaction documents​
• Executing of trust documents and obtaining PAN/TAN​
• Opening and operating trust bank/depository/broker accounts​
• Undertaking purchase and sale of securities, through an appointed broker, in line with a pre-approved investment policy​
• Implementing the benefits application policy​
• Recording approvals and maintaining trust accounts​
• Filing tax returns and ensuring tax compliance​
• Reporting and MIS