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Sebi (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999


19. Disclosure and accounting policies

19.1 The Directors' Report or Annexure thereto shall contain,inter alia, the following disclosures:-

 

(a) the details of the number of shares issued in ESPS;

 

(b) the price at which such shares are issued;

 

(c) employee-wise details of the shares issued to;

 

(i) senior managerial personnel;

 

(ii) any other employee who is issued shares in any one year amounting to 5% or more shares issued during that year;

 

(iii) identified employees who were issued shares during any one year equal to or exceeding 1% of the issued capital of the company at the time of issuance.

 

(d) diluted Earning Per Share (EPS) pursuant to issuance of shares under ESPS; and

 

(e) consideration received against the issuance of shares.

 

19.2 Every company that has passed a resolution for an ESPS under clause 17.1 of these guidelines shall comply with the accounting policies specified in Schedule II



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