Question

Sweat equity shares cannot be given to ......

A Public at large Correct Answer Incorrect Answer
B Employees Correct Answer Incorrect Answer
C Directors Correct Answer Incorrect Answer
D Either to b or c Correct Answer Incorrect Answer
E Both a & d Correct Answer Incorrect Answer

Solution

Public at large As per Section 2(88) of Companies Act, 2013 defines sweat equity share as the equity shares issued by a company to its directors or employees at a discount or for consideration other than cash, for providing their know-how or in the nature of Intellectual property or value addition to the company.   Snapshot from study notes of the ixamBee SEBI Legal course covering topic

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