Consider the following statements:This question is part of 20000+ General Studies Questions course on GKToday Android app
- Companies use the Sweat Equity for retaining best employees
- The sweat equity issued during a year should not exceed 15% of the total paid-up capital of the company or a value of Rs 5 crore, whichever is higher.
- To issue sweat equity above this level, the approval from the Central Government is required
Which among the above statements is / are correct?