Question

The provision of issue of Sweat equity shares was inserted by the Companies Amendment Act __________.

• A. $1999$
• B. $2000$
• C. $2002$
• D. $1998$

Answer 1

The correct option is A $1999$

The concept of Sweat Equity Shares has been introduced by Companies (Amendment) Act, 1999 by inserting new section i.e. Section 79A in the Companies Act, 1956. Section 79A of the Companies Act, 1956 enables companies to reward their employees by way of issuing Sweat Equity shares.