Reduction of share capital is a process to lower down/reducing the share capital of a company. It means reducing the issued, subscribed and paid-up share capital of the company. Separate provisions and procedure for have been envisaged under the Companies Act, 2013 and rules made thereunder for reduction of share capital. Section 66 of the […]
SWEAT EQUITY SHARES – are Equity Shares issued by a company to its Permanent Employees and Directors, and Employees and Directors of Holding and Subsidiary Companies against valuable services rendered by them to the Company. INTENT : Generally Sweat Equity Shares are issued by a company to its employees or directors if they create or […]