As per Sec. 54 of the Companies Act, 2013, a company can issue sweat equity shares of a class of shares already issued only after __________ from the date of commencement of business.

CS Executive · Corporate and Management Accounting · PYQS · June 2022
As per Sec. 54 of the Companies Act, 2013, a company can issue sweat equity shares of a class of shares already issued only after __________ from the date of commencement of business.
(A) One year
(B) Two years
(C) Three years
(D) 180 days

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Corporate Accounting

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