Gratuity liability required in company books under accrual accounting consistent with Accounting Standard on retirement benefits.
Provision for Gratuity Liability is mandatory in company books and must be recognised on an accrual basis and maintained under double entry accounting, with measurement and disclosure consistent with the accounting standard on retirement benefits applicable to employer financial statements.

Unconditional dividend declaration required; companies must obtain prior creditor approvals before declaring to prevent payment delays.
Companies must declare dividends unconditionally and obtain any required approvals from financial institutions or banks before declaration, so that dividend payments are not delayed by conditional declarations; Registrars of Companies are directed to take action against firms that condition dividend declarations and thereby postpone payment to shareholders.

Exemption from Central approval for managerial remuneration and introduction of deposits linked tiered loan ceilings for nidhis.
Notifications treat companies declared as nidhis or mutual benefit societies as member focused entities and (1) exempt them from Central Government approval for managerial remuneration where prescribed conditions are met; and (2) replace a uniform single borrower loan cap with a tiered, deposits linked ceiling structure prescribing multiple slabs for maximum advances to any one borrower.