https://www.taxtmi.com/notifications?id=23983 These Rules govern issuance of sweat equity shares by unlisted companies, requiring shareholder approval by special resolution with an explanatory statement detailing board approval, justification, number and class of shares, valuation basis, recipient identities, impact on managerial remuneration, and diluted EPS. Pricing must be by an independent valuer; non-cash consideration requires a valuation report and justification, with specified accounting treatment and possible classification as managerial remuneration where non-capitalisable and issued to directors or managers. Issuance limits, a three-year lock-in, register maintenance, auditor certification, and prescribed disclosures are required. en-us Thu, 04 Dec 2003 00:00:00 +0530 Fri, 24 Jun 2011 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23983 These Rules govern issuance of sweat equity shares by unlisted companies, requiring shareholder approval by special resolution with an explanatory statement detailing board approval, justification, number and class of shares, valuation basis, recipient identities, impact on managerial remuneration, and diluted EPS. Pricing must be by an independent valuer; non-cash consideration requires a valuation report and justification, with specified accounting treatment and possible classification as managerial remuneration where non-capitalisable and issued to directors or managers. Issuance limits, a three-year lock-in, register maintenance, auditor certification, and prescribed disclosures are required. Notifications Companies Law Thu, 04 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23983