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of <h1>Companies Must Declare Dividends From Profits After Depreciation; Section 80A Compliance Required for Equity Share Dividends</h1> Dividends can only be declared or paid by a company from its profits, after accounting for depreciation as per the Companies Act, 1956. If depreciation hasn't been accounted for in previous years, it must be addressed before declaring dividends. The Central Government can allow dividends without depreciation in public interest. Interim dividends must be deposited in a separate account within five days of declaration. Depreciation should be calculated as per specified guidelines, and dividends must be paid in cash, except for capitalizing profits for bonus shares. Companies failing to comply with section 80A cannot declare dividends on equity shares.
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