Sweat equity shares allotted to employees shall be locked it for hellip hellip hellip nbsp ...

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Companies Act-Phase (I & II) Share capital and debentures Add to Study Deck

Sweat equity shares allotted to employees shall be locked it for……….

6 Months

1 Year

2 Years

3 Years

Explanation:

The sweat equity that is issued to directors or employees shall be locked in for a period of three years from the date of allotment of the shares and the share certificate is under lock-in and the period of expiry of lock-in shall be stamped in bold or mentioned prominently on the share certificate.