Reduction of minimum distribution: Board may permit companies to lower mandated dividend distribution subject to application and conditions. Section 107A permits companies subject to the Chapter's minimum distribution rule to apply to the Board for reduction of the mandated dividend where higher distribution would be unreasonable; applications must meet prescribed form, timing and fee requirements. The Board may reduce the required distribution, set the period for payment, and must afford a hearing before rejecting an application. An application suspends the assessing officer's order-making power until the Board decides, distributions under the Board's decision are excluded for prior-year application assessments, failure to comply restores the officer's powers, the Central Government may exempt classes by notification, appeals to the Appellate Assistant Commissioner are barred where the Board has decided, and the Board may delegate its powers to Commissioners by notification.