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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Case ID :
        Corp. Laws, SEBI & IBC

        Payment of Dividend by Companies.

        August 13, 2012

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        Press Information Bureau

        Government of India

        Ministry of Corporate Affairs

        13-August-2012 17:59 IST

        Payment of Dividend by Companies

        The data regarding companies which have not given dividend to their shareholders is not maintained in this Ministry. Further, there is no statutory compulsion on the companies under the Companies Act 1956 to declare and pay dividends to their shareholders every year.

        This information was given by Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Rajya Sabha today.

        *****

        ST

        Dividend obligation: companies are not legally required to declare or pay annual dividends; ministry lacks central data. Companies are not subject to a statutory obligation to declare or distribute dividends annually, leaving dividend distribution to company discretion and internal governance; the Ministry of Corporate Affairs does not maintain a centralized dataset identifying companies that have not paid dividends.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Dividend obligation: companies are not legally required to declare or pay annual dividends; ministry lacks central data.

                                Companies are not subject to a statutory obligation to declare or distribute dividends annually, leaving dividend distribution to company discretion and internal governance; the Ministry of Corporate Affairs does not maintain a centralized dataset identifying companies that have not paid dividends.


                                Note: It is a system-generated summary and is for quick reference only.
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