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      Question

      What are sweat equity shares?

      A Shares issued by a company Correct Answer Incorrect Answer
      B Shares issued only in the form of cash, not any other consideration Correct Answer Incorrect Answer
      C Shares issued by a company to its directors or employees at a discount or for consideration, other than cash, for providing know-how or intellectual property rights Correct Answer Incorrect Answer
      D Shares can be issued for providing services or know-how, but not for intellectual property rights Correct Answer Incorrect Answer

      Solution

      Explanation: Section 2(88) Such equity shares as are issued by a company to its directors or employees at a discount or for consideration, other than cash, for providing their know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called.

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