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sweat equity shares

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 February 2011 while studying sweat equity shares concept,i
came across with sentence"THE SHARES SHOULD BE OF A CLASS OF SHARES ALREADY ISSUED".
what does above sentence mean.please clarify me
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
21 February 2011 "The shares should be of a class of shares already issued" means the sweat equity share
will not be treated differently but will be at par with the shares which had already been issued by the company to other shareholders.

SES will not form a separate category as such.
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