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of <h1>Understanding Sweat Equity Shares: Key Terms and Definitions Under the Unlisted Companies Rules, 2003</h1> The Unlisted Companies (Issue of Sweat Equity Shares) Rules, 2003, defines key terms related to the issuance of sweat equity shares by unlisted companies. 'Asset' refers to resources controlled by the company expected to provide future economic benefits. 'Employee' includes permanent employees and directors working full-time or as executive directors. 'Intangible Asset' is a non-monetary asset without physical form used in business operations. 'Share price' is determined based on net worth. 'Value addition' involves economic benefits from expertise or intellectual property rights granted to individuals receiving sweat equity, beyond regular remuneration or monetary contracts.
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