Declaration of dividend out of reserves: procedural e form requires disclosure of reserves, proposal, attachments and digital certification. E Form for statutory approval to declare dividend out of reserves requires corporate identification, capital structure with free reserves, the proposal with rate and amount, conditions under the declaration rules justifying non compliance, and amounts from current profits and general reserves. Mandatory attachments include a lead financial institution no objection letter (if any) and a board resolution; the form must be digitally signed by an authorised company officer and certified by a practising accountant or company secretary who verifies the books.
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.
Declaration of dividend out of reserves: procedural e form requires disclosure of reserves, proposal, attachments and digital certification.
E Form for statutory approval to declare dividend out of reserves requires corporate identification, capital structure with free reserves, the proposal with rate and amount, conditions under the declaration rules justifying non compliance, and amounts from current profits and general reserves. Mandatory attachments include a lead financial institution no objection letter (if any) and a board resolution; the form must be digitally signed by an authorised company officer and certified by a practising accountant or company secretary who verifies the books.
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