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of <h1>Companies Can Declare Dividends from Reserves if Profits Are Insufficient, Subject to Conditions Under 2014 Rules</h1> Under the Companies (Declaration and Payment of Dividend) Rules, 2014, a company may declare dividends from reserves in the absence of adequate profits, subject to specific conditions. The dividend rate must not exceed the average rate of the past three years, unless no dividends were declared in those years. Withdrawals from accumulated profits must not exceed one-tenth of the paid-up share capital and free reserves, and must first cover any losses from the current financial year. Remaining reserves must not fall below fifteen percent of the paid-up share capital. Previous provisions regarding setting off losses and depreciation have been omitted.
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