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of <h1>New Rules Allow Startups to Issue Sweat Equity Shares up to 50% Within 5 Years of Incorporation.</h1> The Companies (Share Capital and Debentures) Third Amendment Rules, 2016, effective from their publication in the Official Gazette, introduce several changes to the 2014 rules. Companies can issue equity shares with differential rights after five years from rectifying defaults. Startups, as defined by a specific government notification, can issue sweat equity shares up to 50% of paid-up capital within five years of incorporation. Certain conditions for startups are waived for five years. Convertible securities' pricing must be determined upfront or at a specified time. Amendments also address debenture security and redemption processes, including premature redemption provisions.
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