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of <h1>Section 54 allows companies to issue sweat equity shares with special resolution, equal rights, and regulatory compliance</h1> Section 54 of the Companies Act, 2013 permits a company to issue sweat equity shares of a class already issued, despite section 53, subject to specified conditions. The issue must be authorised by a special resolution stating the number of shares, current market price, consideration, if any, and the class of directors or employees to whom they will be issued. If the company is listed, issuance must comply with Securities and Exchange Board regulations; if unlisted, with prescribed rules. Sweat equity shares carry the same rights and rank pari passu with other equity shares.
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