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Question

As per the Companies Act, 2013 the sweat equity shares are issues to whom by the company?

A Directors Correct Answer Incorrect Answer
B Debenture Holders Correct Answer Incorrect Answer
C Existing shareholders Correct Answer Incorrect Answer
D All a, b c & d Correct Answer Incorrect Answer
E Both b & c Correct Answer Incorrect Answer

Solution

Section 2(88) Sweat equity shares means such equity shares as are issued by a company to its directors or employees at a discount or for consideration, other than cash, for providing their know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called.

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