Auditor certificate requirement: companies must present auditor or practising company secretary certificate at AGM confirming compliant sweat equity allotment. Where a company has allotted sweat equity shares under the Rules, the Board must at each annual general meeting place before the shareholders a certificate from the auditors or a practising company secretary confirming that the sweat equity shares have been allotted in accordance with the company's general meeting resolution and the Rules.
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.
Auditor certificate requirement: companies must present auditor or practising company secretary certificate at AGM confirming compliant sweat equity allotment.
Where a company has allotted sweat equity shares under the Rules, the Board must at each annual general meeting place before the shareholders a certificate from the auditors or a practising company secretary confirming that the sweat equity shares have been allotted in accordance with the company's general meeting resolution and the Rules.
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