Sweat equity definitions clarify eligibility and valuation rules for issuing shares to employees and non employees based on net worth. Definitions for issuing sweat equity by unlisted companies specify that Asset means a company-controlled resource yielding future economic benefits; employee includes permanent employees and whole-time or executive directors; Intangible Asset is an identifiable non-monetary asset without physical substance used in production, rental, or administration; share price is determined on a net worth basis; and value addition covers anticipated economic benefits from know how or intellectual property type rights provided without separate monetary consideration and outside normal remuneration.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Sweat equity definitions clarify eligibility and valuation rules for issuing shares to employees and non employees based on net worth.
Definitions for issuing sweat equity by unlisted companies specify that Asset means a company-controlled resource yielding future economic benefits; employee includes permanent employees and whole-time or executive directors; Intangible Asset is an identifiable non-monetary asset without physical substance used in production, rental, or administration; share price is determined on a net worth basis; and value addition covers anticipated economic benefits from know how or intellectual property type rights provided without separate monetary consideration and outside normal remuneration.
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