SWEAT EQUITY SHARES(ESOP)
This query is : Resolved
14 November 2008
DO SWEAT EQUITY SHARES OF UNLISTED COMPANIES REQUIRE A LOCK-IN -PERIOD OF THREE YEARS AS PER UNLISTED COMPANIES(ISSUE OF SWEAT EQUITY SHARES) RULES , 2003 OR ANY AMENDMENT HAS BEEN MADE TO THIS.
IF YES WHAT RULES SHOULD BE KEPT IN MIND?
IF YES WHAT RULES SHOULD BE KEPT IN MIND?
S Kedarnath
(Expert)
14 November 2008
Please see Rule 10 of the Ulisted CompNies (Issue of Sweat Equity Shares)Rules 2003.
Rule 10 stipulstes that for employees and directors there shall be a lock in period of three years from the date of allotment.
Rule 10 stipulstes that for employees and directors there shall be a lock in period of three years from the date of allotment.
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