New Enroll in RBI Grade B New Batch - Starts on May 21

    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

    Practice Next

    Relevant for Exams: