TMI BlogSpecial resolution.X X X X Extracts X X X X X X X X Extracts X X X X ..... ice for the general meeting pursuant to section 173 of the said Act shall contain particulars as specified below:-- (i) the date of the meeting at which the proposal for issue of sweat equity shares was approved by the Board of Directors of the company; (ii) the reasons/justification for the issue; (iii) the number of shares, consideration for such shares and the class or classes of persons ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the general meeting shall be obtained by the company in case of grant of shares to identified employees and promoters, during any one year, equal to or exceeding 1% of the issued capital (excluding outstanding warrants and conversion) of the company at the time of grant of the sweat equity shares.
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