https://www.taxtmi.com/acts?id=14646 Rule 4 requires that the explanatory statement for a special resolution under section 79A(1)(a) include: the board meeting date approving the sweat equity proposal; reasons for the issue; number, consideration and classes of recipients; value of shares with valuation report or basis and issue price; names and relationships of recipients; any ceiling on managerial remuneration affected; a statement of conformity with Central Government specified accounting policies; and diluted earnings per share calculated per the Accounting Standards. A separate shareholders' resolution is required for significant grants to identified employees and promoters. en-us Fri, 03 Jun 2011 17:40:55 +0530 Fri, 03 Jun 2011 17:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14646 Rule 4 requires that the explanatory statement for a special resolution under section 79A(1)(a) include: the board meeting date approving the sweat equity proposal; reasons for the issue; number, consideration and classes of recipients; value of shares with valuation report or basis and issue price; names and relationships of recipients; any ceiling on managerial remuneration affected; a statement of conformity with Central Government specified accounting policies; and diluted earnings per share calculated per the Accounting Standards. A separate shareholders' resolution is required for significant grants to identified employees and promoters. Act-Rules Companies Law Fri, 03 Jun 2011 17:40:55 +0530 https://www.taxtmi.com/acts?id=14646