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Question

The special resolution authorising the issue of sweat equity shares shall be valid for making the allotment within a period of________________

A Twelve months Correct Answer Incorrect Answer
B Not less than twelve months from the date of passing of the special resolution Correct Answer Incorrect Answer
C Not more than twelve months from the date of passing of the special resolution Correct Answer Incorrect Answer
D Can be more than twelve months from the date of passing of the special resolution if approved by the Central Government Correct Answer Incorrect Answer
E Can be more than twelve months from the date of passing of the special resolution if approved by the Registrar of Companies Correct Answer Incorrect Answer

Solution

Companies (Share Capital and Debentures) Rules, 2014- Rule 8. Issue of Sweat Equity shares- (3) The special resolution authorising the issue of sweat equity shares shall be valid for making the allotment within a period of not more than twelve months from the date of passing of the special resolution.

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