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of <h1>India's Updated Dividend Rules: Offset Past Losses Before Declaring Dividends, Per Amended Rule 3(5)</h1> The Companies (Declaration and Payment of Dividend) Amendment Rules, 2014, issued by the Ministry of Corporate Affairs, India, amends the original rules from 2014. Effective upon publication in the Official Gazette, the amendment modifies Rule 3, sub-rule (5), stipulating that companies cannot declare dividends unless they offset any previous losses and unprovided depreciation from prior years against the current year's profits. This amendment aims to ensure financial prudence and stability before dividend distribution.
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