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