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of <h1>RBI Circular Eases Rules for Startups Issuing Sweat Equity Shares Without Cash, Complying with SEBI and Companies Act.</h1> The circular from the Reserve Bank of India addresses regulatory relaxations for startups concerning the issuance of shares. It clarifies that Indian companies can issue shares without cash payment through sweat equity, following specific conditions under the Securities Exchange Board of India Act or the Companies Act. Additionally, companies can issue shares against legitimate payments owed, such as intellectual property rights or consultancy fees, without needing prior government or RBI approval, provided they comply with FDI policy, sectoral caps, and tax laws. Authorized Dealer banks are instructed to inform their clients and reference the relevant notifications for details.
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