Sweat equity treated as managerial remuneration when issued to directors/managers for non cash consideration not recognized on the balance sheet. Regulation 11 treats sweat equity shares as part of managerial remuneration when issued to a director or manager and issued for non cash consideration that is not an asset capable of being carried to the company's balance sheet under applicable accounting standards, requiring aggregation of their value with other managerial pay for compliance with statutory remuneration ceilings.
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 treated as managerial remuneration when issued to directors/managers for non cash consideration not recognized on the balance sheet.
Regulation 11 treats sweat equity shares as part of managerial remuneration when issued to a director or manager and issued for non cash consideration that is not an asset capable of being carried to the company's balance sheet under applicable accounting standards, requiring aggregation of their value with other managerial pay for compliance with statutory remuneration ceilings.
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