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      Question

      The sweat equity shares issued to directors or employees

      have a lock-in of what duration?
      A 3 years Correct Answer Incorrect Answer
      B 5 years Correct Answer Incorrect Answer
      C 2 years Correct Answer Incorrect Answer
      D 1 year Correct Answer Incorrect Answer
      E 7 years Correct Answer Incorrect Answer

      Solution

      As per Companies (Share Capital and Debentures) Rules, 2014   8. Issue of Sweat Equity shares.-   The sweat equity shares issued to directors or employees shall be locked in/non transferable for a period of three years from the date of allotment and the fact that the share certificates are under lock-in and the period of expiry of lock in shall be stamped in bold or mentioned in any other prominent manner on the share certificate.  

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