The company shall not issue sweat equity shares for more than .......... of the existing paid up equity share capital in a year or shares of the issue value of rupees .......... whichever is higher.

CS Executive · Corporate and Management Accounting · PYQS · December 2021
The company shall not issue sweat equity shares for more than .......... of the existing paid up equity share capital in a year or shares of the issue value of rupees .......... whichever is higher.
(A) 5%, 1 Crore
(B) 10%, 2 Crore
(C) 15%, 5 Crore
(D) 20%, 10 Crore

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Companies Act, 2013

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