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