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<h1>Regulation 9 mandates proper accounting for non-cash consideration in sweat equity by listed companies.</h1> Regulation 9 of the Securities and Exchange Board of India (Issue of Sweat Equity) Regulations, 2002, outlines the accounting treatment for sweat equity shares issued by a listed company for non-cash consideration. If the non-cash consideration is a depreciable or amortizable asset, it must be recorded on the company's balance sheet in line with relevant accounting standards. If it does not fall under this category, the consideration should be expensed according to the applicable accounting standards.