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conditions for issuing sweat equity shares

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 3 years ago

**CONDITIONS FOR ISSUING SWEAT EQUITY SHARES** 1.The issue should be authorized by a Special resolution in a general meeting. 2. The resolution should specify i. the number of shares ii. the current market value iii. consideration if any iv. the class of directors to whom shares are issued v. the class of employees to whom the shares are to be issued 3. the issue conforms to the rules prescribed 4. if it is listed, it has to conform to SEBI rules 5. The rights, limitations, restrictions and provisions as are for the time being applicable to equity shares shall be applicable to the sweat equity shares issued and the holders of such shares shall rank pari pasu with other equity shareholders. Thanks

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Data?1494421730 rohit awasthi answered about 3 years ago

Dear Friend > Conditions for issuing sweat equity shares A company may issue sweat equity shares if the following conditions are fulfilled: 1. the issue of sweat equity shares is authorized by a special resolution passed by the company 2. the resolution specifies the number of shares, current market price, monetary consideration, if any, and the class or classes of directors or employees to whom such equity shares are to be issued 3. not less than one year has, at the date of the issue, elapsed since the date on which the company was entitled to commence business 4. the sweat equity shares of a company whose equity shares are listed on a recognized stock exchange are issued in accordance with the regulations made by the Securities and Exchange Board of India (SEBI) in this behalf. Thanks

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