TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Banks Must Halt Dividends from FY Ending March 31, 2020 to Strengthen Balance Sheets Amid COVID-19 Uncertainty.</h1> Due to the ongoing stress and uncertainty caused by COVID-19, banks are instructed to conserve capital to support the economy and absorb potential losses. To strengthen their balance sheets and maintain lending capacity, banks are prohibited from declaring or paying dividends on equity shares from profits for the financial year ending March 31, 2020. This directive applies to all commercial and cooperative banks, as outlined in the previous circular dated April 17, 2020.
TaxTMI 
