Auditors' certificate requirement: directors must present auditor confirmation of compliance when sweat equity shares are issued before shareholders. The board must place before shareholders at the general meeting following an issuance of sweat equity a certificate from the auditors confirming the issue ... Summary
Referred In :
Securities and Exchange Board of India (Issue of Sweat Equity) Regulations, 2002
Auditors' certificate requirement: directors must present auditor confirmation of compliance when sweat equity shares are issued before shareholders.
The board must place before shareholders at the general meeting following an issuance of sweat equity a certificate from the auditors confirming the issue complied with the Regulations and with the company resolution authorizing the sweat equity shares.
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