Sweat equity shares issued to any directors be treated as
Answers
The Sweat equity shares are issued to any director or manager and they areissued for consideration other than cash, which does not take the form of an asset which can be carried to the balance sheet of the company in accordance with the applicable accounting standards.
Answer:
Answer:Sweat equity shares can be issued to promoters but, the limitation is that, before issuing, company has to be adjourned a general meeting and will get a simple majority of Shareholders about promoters. the sweat equity shares are issued to any director or manager; and. they are issued for consideration other than cash, which does not take the form of an asset which can be carried to the balance sheet of the company in accordance with the applicable accounting standards.