Sweat equity compliance requires specified disclosures, auditor certificate placement, and prompt exchange disclosure after issuance. Regulation 15 requires that the explanatory statement to the general meeting notice contain the prescribed disclosures, that the auditor's certificate required under the regulations be placed at the general meeting, and that the company, within seven days of issuing sweat equity shares, send a statement to the exchange disclosing the number of shares issued, issue price, total amount invested, details of recipients, and consequent changes in capital structure and shareholding pattern.
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Sweat equity compliance requires specified disclosures, auditor certificate placement, and prompt exchange disclosure after issuance.
Regulation 15 requires that the explanatory statement to the general meeting notice contain the prescribed disclosures, that the auditor's certificate required under the regulations be placed at the general meeting, and that the company, within seven days of issuing sweat equity shares, send a statement to the exchange disclosing the number of shares issued, issue price, total amount invested, details of recipients, and consequent changes in capital structure and shareholding pattern.
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