Sweat Equity Shares can be issued to which of the following employees ........

Professional Legal Knowledge Companies Act

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Sweat Equity Shares can be issued to which of the following employees?

A permanent employee of the company who is working in India.

A permanent employee of the company who is working outside India.

A director of the company working in the subsidiary of the holding company.

A director of the company working outside India.

All of the above

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Explanation:

‘‘Employee’’ means-
(a) a permanent employee of the company who has been working in India or outside India; or
(b) a director of the company, whether a whole time director or not; or
(c) an employee or a director as defined in subclauses (a) or (b) above of a subsidiary, in India or outside India, or of a holding company of the
company;