Disclosure requirements for sweat equity shares: directors' report must state issuance details, pricing, benefits and diluted EPS impact. The Board must disclose in the Directors' Report or annexure the number of sweat equity shares to be issued to employees or directors, the conditions for issue, the pricing formula, the total number of shares arising from the issue, money realised or benefit accrued to the company, and the diluted Earnings Per Share pursuant to the issuance.
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.
Disclosure requirements for sweat equity shares: directors' report must state issuance details, pricing, benefits and diluted EPS impact.
The Board must disclose in the Directors' Report or annexure the number of sweat equity shares to be issued to employees or directors, the conditions for issue, the pricing formula, the total number of shares arising from the issue, money realised or benefit accrued to the company, and the diluted Earnings Per Share pursuant to the issuance.
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