Question
The special resolution authorising the issue of sweat
equity shares shall be valid for making the allotment within a period of _______________ months from the date of passing of the special resolution?Solution
Section 54. Issue of sweat equity shares- (d) where the equity shares of the company are listed on a recognised stock exchange, the sweat equity shares are issued in accordance with the regulations made by the Securities and Exchange Board in this behalf and if they are not so listed, the sweat equity shares are issued in accordance with such rules as may be prescribed. 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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