Sweat equity share to share which are issued by the company to its employees or director at a discount for consideration other than cash for providing know how a make it available right to use intellectual property right intellectual property right in to create my copyright patent industrial design or any other touch write condition to be full filled by issuing certificate IIS there according to Section 54 of the company act 2013 2013 share can be issued after fulfilling the following the issue must be authorised by a special resolution passed by the company in the General Meeting the resolution must specify the number of sweat equity share their current market price consideration is standard error solution must specify the class or classes of directors or employee whose equity share to be issued at least three year Masters labs since the date on which the company was entitled to come in business company listed in stock exchange must issue of sweat equity share in accordance with regulation of SEBI company mein Shishu sweat equity share at a price lower than the nominal value of equity share and in that case provision of section 54 of the Companies Act 2013 related to the issue of shares at discount shall be followed lock in period in case of sweat equity shares shares shares cannot be resold my dear folder within a period of one year is called lock in period
