Download Suspension of DSOP Fund withdrawal PDF
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| File name | Suspension of DSOP Fund withdrawal PDF |
| No. of Pages | 1 |
| Date Added | Mar 25, 2023 |
| Category | Government |
| Language | English |
| Source/Credits | Drive Files |
DSOP Fund Withdrawals Put on Hold for Annual Compilation
The Direct Sales Agent (DSA) Option Plan (DSOP) is a stock option plan offered by various companies to their sales agents. The plan allows agents to purchase company shares at a discounted price, usually as a form of compensation for their performance.
Sometimes, companies may suspend the withdrawal of the DSOP Fund, which means that the agents cannot access their funds for a certain period. The reasons for the suspension may vary, but it is usually due to some internal restructuring or financial issues faced by the company.
During the suspension period, agents cannot withdraw the funds or exercise their options to purchase company shares. However, the accumulated funds are still credited to their account and will be available for withdrawal after the suspension period ends.
It is important for DSOP participants to keep track of any updates or announcements regarding the plan, including the suspension of withdrawals, to avoid any confusion or misunderstanding. Companies usually communicate such announcements through their official communication channels or directly to the agents.
Suspension of DSOP Fund withdrawal
“As per approval of the Competent Authority, it is informed that processing of DSOP Final withdrawal / Temporary withdrawal claim will be suspended for a week w.e.f. 25.03.2023 to 31.03.2023 due to annual compilation of interest on accumulation in the Fund Account for the FY 2022- 23. Therefore, Officers are advised to apply for DSOP Temporary withdrawal / final withdrawal claims before 24 March 2023. Claims uploaded till 23 March 2023 00:00 hrs will be admitted / processed in audit in the month of March 2023, and the claims uploaded on 24th March to 31st March 2023 will be processed in the month of April 2023.
Source: pcdaopune.gov.in
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