Question
A company may issue sweat equity shares of a class of
shares already issued if authorized by a Special Resolution which shall specify _____________Solution
Section 54. Issue of sweat equity shares- (1) Notwithstanding anything contained in section 53, a company may issue sweat equity shares of a class of shares already issued, if the following conditions are fulfilled, namely: — (a) the issue is authorised by a special resolution passed by the company; (b) the resolution specifies the number of shares, the current market price, consideration, if any, and the class or classes of directors or employees to whom such equity shares are to be issued
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State true or false
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