Auditor certificate requirement: secretarial auditor's certificate must be placed before shareholders confirming compliance with sweat equity issue resolution. In the general meeting following issuance of sweat equity shares, the Board must place before shareholders a secretarial auditor's certificate certifying that the issue was made in accordance with these regulations and the company resolution authorising the issuance.
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Provisions expressly mentioned in the judgment/order text.
Auditor certificate requirement: secretarial auditor's certificate must be placed before shareholders confirming compliance with sweat equity issue resolution.
In the general meeting following issuance of sweat equity shares, the Board must place before shareholders a secretarial auditor's certificate certifying that the issue was made in accordance with these regulations and the company resolution authorising the issuance.
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