Ch 2 · Share Capital and Debentures (Sec 43-72)

⭐ Important points (exam-critical)

• ⭐Sec 73 — acceptance of deposits regulated; private companies have specific exemptions.
• ⭐Preference shares max tenure 20 years; for infrastructure projects, 30 years (Sec 55).
• ⭐Sweat equity (Sec 54) — to directors/employees for know-how / IPR / value addition.
• ⭐ESOP discount on FV is treated as employee compensation expense in P&L.