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Companies (Share Capital and Debentures) Rules, 2014- Rule 8. Issue of Sweat Equity shares- (4) The company shall not issue sweat equity shares for more than fifteen percent of the existing paid- up equity share capital in a year or shares of the issue value of rupees five crores, whichever is higher: Provided that the issuance of sweat equity shares in the Company shall not exceed twenty five percent, of the paid- up equity capital of the Company at any time.