Auditor certificate requirement: companies must present auditor or practising company secretary certificate at AGM confirming compliant sweat equity allotment.

Where a company has allotted sweat equity shares under the Rules, the Board must at each annual general meeting place before the shareholders a certificate from the auditors or a practising company secretary confirming that the sweat equity shares have been allotted in accordance with the company's general meeting resolution and the Rules.

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