Sweat equity shares
Quick Reference to
" Issue of Sweat Equity Shares " :-Legal Provision:-Section 2(88), 54 of Companies Act, 2013.
Rule 8 of Companies ( Share Capital and Debentures) Rules, 2014.
Companies (Share Capital and Debentures) Third Amendment Rules, 2016 - 19th July , 2016 .Points:-1. Sweat Equity Shares are issued by Company to its Director or employees.2. It is issued at Discount for consideration other than cash.3. Those shares are issued for providing their Know-how o…
Revocation or termination of offer
Revocation or Termination of OfferBUSINESS LAWAccording to Section 6, an offer may come to an end in any of the following ways:1. Notice of Revocation:The offeror can revoke his offer at any time by sending a notice of revocation to the offeree, before its acceptance. The offeror can reject the offer before its acceptance even though the period for which the offer was kept open has not yet expired.Example:A, the offeror at an auction sale makes the highest bid. But he has th…
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