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1.
Consider the following statements: 1. Companies use the Sweat Equity for retaining best employees2. The sweat equity issued during a year should not exceed 15% of the total paid-up capital of the company or a value of Rs 5 crore, whichever is higher. 3. To issue sweat equity above this level, the approval from the Central Government is required Which among the above statements is / are correct?

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