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    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. ┬а Snapshot from study notes of the ixamBee SEBI Legal course covering topic

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