SWEAT EQUITY shares means equity shares issued by a company to
its employees to directors at a discount rate
or (and without cash) consideration other than cash for providing know-how or
making available rights in nature of intellectual property rights or value
additions by whatever name called
its is come under FRINGE BENEFIT there is another
term
SPECIFIED SECURITIES means the securities as defined in clause (h)
of section 2 of the securities Contracts (regulation)Act,1956(42 of 1956) (and
where employees stock option has been granted under any plan or scheme therefore
,includes the securities offered under such plan or scheme ).

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