hi guys,
under the new companies act, giving out of stock options to non-employees is forbidden. So I’m curious to know how are other startups dealing with a simple thing like stock options to other people (advisors, consultants , etc.) without having them onboard as an employee.
Do note that I’m aware that stocks can be granted by a founder to people – but it is not as clean as a nice vesting schedule, etc. Is this the only way to deal with giving stock to non-employees now ?
do note that I’m asking about India-incorporated startups… if you were smart and incorporated in Singapore/US, then life is much easier for you 🙁