Special resolution, issue of sweat equity shares

Item no. [Item number in the general meeting notice] of the notice of the general meeting — to be passed as a Special Resolution

ISSUE OF SWEAT EQUITY SHARES

"RESOLVED THAT pursuant to Section 54 and all other applicable provisions of the Companies Act, 2013 read with Rule 8 of the Companies (Share Capital and Debentures) Rules, 2014 and the Memorandum and Articles of Association of the Company, and subject to such approvals as may be necessary, the consent of the Members be and is hereby accorded to the issue and allotment of [Number of sweat equity shares to be issued] ([number in words]) sweat equity shares of the face value of Rs [Face value of each sweat equity share (Rs)] each of the Company, at a price of Rs [Issue price of each sweat equity share (Rs)] per share, aggregating Rs [Total value of sweat equity shares (Rs)] (Rupees [Total value of sweat equity shares in words] only), to [Sweat equity recipient's name], [Director / employee] of the Company, for consideration other than cash, being [describe the know-how, the rights in the nature of intellectual property rights, or the value addition], as more particularly described in the explanatory statement annexed to this notice."