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of <h1>Regulation 6(4) Requires Detailed Explanatory Statement for Sweat Equity Approval in General Meeting</h1> The Securities and Exchange Board of India (Issue of Sweat Equity) Regulations, 2002, under Regulation 6(4), mandates that the explanatory statement for approving the issuance of sweat equity in a general meeting must include specific details. These details comprise the total number of shares to be issued, current market price, value of intellectual property or technical know-how received, and valuation basis. It must also list the recipients of sweat equity, their relationship with the company, consideration paid, issue price, impact on managerial remuneration, adherence to accounting policies, and the diluted earnings per share calculated as per relevant accounting standards.
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