Register of sweat equity shares required; companies must maintain prescribed schedule form for sweat equity recordkeeping. Companies issuing sweat equity must maintain a Register of Sweat Equity Shares documenting all such shares and kept in the specific format prescribed in the Schedule to the relevant rules, imposing a formal recordkeeping duty to preserve prescribed particulars of sweat equity allotments.
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.
Register of sweat equity shares required; companies must maintain prescribed schedule form for sweat equity recordkeeping.
Companies issuing sweat equity must maintain a Register of Sweat Equity Shares documenting all such shares and kept in the specific format prescribed in the Schedule to the relevant rules, imposing a formal recordkeeping duty to preserve prescribed particulars of sweat equity allotments.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.