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of <h1>Regulation 32: Issuing Sweat Equity Shares Requires Special Resolution, Disclosure as per Schedule II, and Separate Voting.</h1> Regulation 32 of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 outlines the requirements for passing a special resolution under the Companies Act, 2013 for issuing sweat equity shares. The explanatory statement for the general meeting must include disclosures as per Schedule II. Sweat equity shares for employees in the promoter group require approval by a simple majority, with voting conducted via postal ballot or e-voting, excluding promoter participation. Each issue must be voted on separately, and the resolution's validity extends for a maximum of twelve months from its passage.
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