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of <h1>Companies Can Issue Sweat Equity Shares Under Section 54 of the Companies Act, 2013, With Special Resolution Approval.</h1> Section 54 of the Companies Act, 2013, allows a company to issue sweat equity shares of an already issued class, overriding Section 53, provided specific conditions are met. These include authorization through a special resolution detailing the number of shares, market price, consideration, and the class of directors or employees eligible for the shares. If the company's shares are listed, issuance must comply with Securities and Exchange Board regulations; if unlisted, prescribed rules apply. Sweat equity shares carry the same rights and restrictions as other equity shares and rank equally with other equity shareholders.
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