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Rounding of dividend and debenture interest payments to the nearest rupee; fractional paise at the midpoint are rounded up. A mandatory rounding rule requires that dividend and debenture interest payments be rounded to the nearest rupee: fractional paise of fifty paise or more are increased to one rupee, and fractional paise less than fifty paise are ignored.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rounding of dividend and debenture interest payments to the nearest rupee; fractional paise at the midpoint are rounded up.
A mandatory rounding rule requires that dividend and debenture interest payments be rounded to the nearest rupee: fractional paise of fifty paise or more are increased to one rupee, and fractional paise less than fifty paise are ignored.
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