Sweat equity issuance limits restrict annual and overall allotments, with relaxed longer-term caps for Innovators Growth Platform companies. A company shall not issue sweat equity shares for more than fifteen percent of the existing paid up equity share capital in a year, provided that issuance shall not exceed twenty five percent of the paid up equity share capital at any time. A company listed on the Innovators Growth Platform may issue not more than fifteen percent in a financial year subject to an overall limit not exceeding fifty percent of the paid up equity share capital for a limited period after incorporation or registration.
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Provisions expressly mentioned in the judgment/order text.
Sweat equity issuance limits restrict annual and overall allotments, with relaxed longer-term caps for Innovators Growth Platform companies.
A company shall not issue sweat equity shares for more than fifteen percent of the existing paid up equity share capital in a year, provided that issuance shall not exceed twenty five percent of the paid up equity share capital at any time. A company listed on the Innovators Growth Platform may issue not more than fifteen percent in a financial year subject to an overall limit not exceeding fifty percent of the paid up equity share capital for a limited period after incorporation or registration.
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