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of <h1>Issuance of Sweat Equity Shares as Managerial Remuneration under Regulation 11 of SEBI Regulations 2002 Explained</h1> The Securities and Exchange Board of India (Issue of Sweat Equity) Regulations, 2002, under Regulation 11, stipulates that the issuance of sweat equity shares by a listed company to any director or manager is considered part of managerial remuneration. This applies if the shares are issued for non-cash consideration, which cannot be recorded as an asset on the company's balance sheet per relevant accounting standards. This provision aligns with sections 198, 309, 310, 311, and 387 of the Companies Act, 1956, thereby impacting the calculation of managerial remuneration limits.
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