Sweat equity

Sir please clarify me , whether company can issue sweat equity shares to its independent director ?? independent director is we can say a part time non- executive director then whether he will be counted in defenition of director and employee for sweat equity shares??

Thank you so much sir🙏

Answer given by Sapna at 17-Dec-2022 10:00 AM

Yes. considering the provisions of law an Independent Director will be counted in definition and is eligible to participate in sweat equity shares. However he is not eligible for ESOP or other share based scheme.

Answer given by Shubhamm Sir at 14-Dec-2022 07:12 PM