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The term Company Law in simple words mean legislation relating to Companies. The development of Company Law in India is quite historic. Considering the relevancy of the study we can curtail it to the old Act, i.e., Companies Act 1956 and current or new Act - Companies Act 2013.

The term "Sweat Equity Shares" simply means a reward given to employees by way of discount or consideration. Sweat equity shares refer to equity shares given to the company's employees on favorable terms, in recognition of their work.

As per Section 2 20 of the Companies Act, 2013, the term Company has been defined as a company incorporated under this Act or under any previous company law