Accounting Policies for ESPS

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Full Text of the Document

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....be treated as another form of employee compensation in the financial statements of the company. [1][(b) The accounting value of shares issued under ESPS shall be equal to the aggregate of price discount over all shares issued under ESPS during any accounting period; Explanation: For the purposes of this clause, 'price discount' means the excess of the market price of the shares over the price at....