Under Chapter IV of the Companies Act, 2013, which provision applies to the issue of sweat equity shares?
1
Sweat equity shares can only be issued to directors.
2
The company can issue sweat equity shares without any time restrictions post-incorporation.
3
Sweat equity shares must be issued at a discount to the market price.
4
A company can issue sweat equity shares not exceeding 15% of the existing paid-up share capital in a year.
5
Sweat equity shares cannot be issued for providing know-how or making available rights in the nature of intellectual property.