Question

The issuance of sweat equity shares in the Company shall____________, of the paid -up equity capital of the Company at any time

Q: Answer-The issuance of sweat equity shares in the Company shall____________, of the paid -up equity capital...

Companies Share Capital and Debentures Rules, 2014- Rule 8. Issue of Sweat Equity shares- 4 The company shall not issue sweat equity shares for more than fifteen percent of the existing paid- up equity share capital in a year or shares of the issue value of rupees five crores, whichever is higher Provided that the issuance of sweat equity shares in the Company shall not exceed twenty five percent, of the paid- up equity capital of the Company at any time.