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What specific term is defined in section 2(88) of the Companies Act, 2013 for equity shares issued by a…

Section 2(88) specifically defines these as sweat equity shares. They are equity shares issued to directors or employees at a discount or for non-cash consideration in…

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What specific term is defined in section 2(88) of the Companies Act, 2013 for equity shares issued by a company to its directors or employees at a discount or for consideration other than cash, for providing know-how, intellectual-property rights or value additions?

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Correct answer C

Section 2(88) specifically defines these as sweat equity shares. They are equity shares issued to directors or employees at a discount or for non-cash consideration in return for know-how, intellectual-property rights or value additions.

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