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M/s ABC Ltd. desirous to issue new class of shares in the name of ‘Sweat Equity’. Whether company can do so?
As per section 54 of the Companies Act, 2013, Sweat Equity shares must belongs to a class of shares already issued by the company i.e. whole new class of shares in the name of ‘Sweat Equity’ cannot be issued.
By: Srishti Gupta ProfileResourcesReport error
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