Sweat equity disclosure requirements: mandatory valuation, recipient identification, pricing, remuneration impact, and accounting for EPS dilution. The document mandates that the explanatory statement and resolution for issuing sweat equity disclose the total shares to be issued, current market price, valuation and basis for intellectual property or technical know how contributed, names and relationships of recipients, consideration and issue price, and any effect on managerial remuneration ceilings; it also requires conformity with specified accounting policies and calculation of diluted earnings per share under applicable accounting standards.
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 disclosure requirements: mandatory valuation, recipient identification, pricing, remuneration impact, and accounting for EPS dilution.
The document mandates that the explanatory statement and resolution for issuing sweat equity disclose the total shares to be issued, current market price, valuation and basis for intellectual property or technical know how contributed, names and relationships of recipients, consideration and issue price, and any effect on managerial remuneration ceilings; it also requires conformity with specified accounting policies and calculation of diluted earnings per share under applicable accounting standards.
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