Explanatory statement, content checklist and drafting text for a sweat equity issue
A single format from the Sweat Equity Shares pack. Rule 8(1) and Rule 8(2).
- 2 pages
- 42
- Word and PDF
- 12 September 2026
What it covers
- 1Explanatory statement, content checklist and drafting text for a sweat equity issueRule 8(1) and Rule 8(2)
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Explanatory statement under Section 102(1) of the Companies Act, 2013 read with Rule 8(1) and Rule 8(2) of the Companies (Share Capital and Debentures) Rules, 2014
Every one of the following particulars must appear. Work down the list and strike nothing out. Where a head does not apply, say so expressly — do not omit the head.
Item No. [Item number in the notice] — Issue of sweat equity shares
(a) Date of the Board meeting at which the proposal was approved. The Board of Directors, at its meeting held on [Date of the board meeting approving the proposal], approved the proposal for the issue of sweat equity shares and recommended it for the approval of the Members.