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of <h1>SS-3 Guidelines: Ensuring Proper Declaration and Payment of Dividends, Prioritizing Shareholders, and Managing Unpaid Dividends.</h1> The Secretarial Standard on Dividend (SS-3) issued by the Institute of Company Secretaries of India outlines principles for the declaration and payment of dividends by companies. It mandates that dividends should be paid from profits, after accounting for depreciation, and not from capital reserves or premiums. Interim dividends can be declared from estimated profits, while final dividends require board recommendations and member approval at the AGM. The standard emphasizes timely payment within 30 days, prioritization of preference shareholders, and proper handling of unpaid dividends, which must be transferred to a special account and eventually to the Investor Education and Protection Fund if unclaimed. Compliance with disclosure requirements in financial statements is also mandated.
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