Sweat equity shares require a special resolution, specified terms, and compliance with listing or prescribed rules. A company may issue sweat equity shares of an already issued class if authorised by a special resolution specifying number of shares, current market price, consideration, and eligible classes of directors or employees; listed-company issues must follow securities regulator regulations and unlisted issues must follow prescribed rules. The one-year commencement requirement has been omitted. Sweat equity shares carry the same rights and rank pari passu with existing equity shares.