Issue of sweat equity shares

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....ready issued if the following conditions are fulfilled, namely:      (a) the issue of sweat equity shares is authorised by a special resolution passed by the company in the general meeting;      (b) the resolution specifies the number of shares, current market price, consideration, if any, and the class or classes of directors or employees to whom such equ....

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....s its subsidiary company incorporated in a country outside India. Explanation II. For the purposes of this Act, the expression "sweat equity shares" means equity shares issued by the company to employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever nam....