Section 54 & Rule 8 requires to maintain the Register of Sweat Equity Shares in format SH-3.
Place: These registers are required to be kept at the Registered Office of the Company or at any other place authorized by the Board of Directors by passing a Board Resolution.
Authentication of Entries:Entries made in this register shall be authenticated in the Next Board Meeting of the Company by CS, by Authorised Director/Authorised Person where there is no CS in the Company.
Inspection: Section & rule is silent regarding the inspection.
It’s an ongoing process and our executive will collect the necessary documents as and when required.