Question

    With respect to ESOP, which of the following statement

    is incorrect?
    A ESOP is an option given to creditors of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price. Correct Answer Incorrect Answer
    B ESOP is an option given to whole-time directors of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price. Correct Answer Incorrect Answer
    C ESOP is an option given to employees of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price. Correct Answer Incorrect Answer
    D ESOP is an option given to officers of a company to purchase or subscribe the securities offered by the company at a future date, at a predetermined price. Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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