SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999
14. Certificate from Auditors
14.1 In the case of every company that has passed a resolution for an ESOS under clause 6.1 of these guidelines, the Board of Directors shall at each annual general meeting place before the shareholders a certificate from the auditors of the company that the scheme has been implemented in accordance with these guidelines and in accordance with the resolution of the company in the general meeting.