Dividend declaration restriction removed, allowing companies to declare dividend without setting off past losses and unprovided depreciation. The Second Amendment Rules, 2015 omit sub rule (5) of rule 3 of the Companies (Declaration and Payment of Dividend) Rules, 2014, removing the requirement that carried forward losses and depreciation not provided in previous years be set off against current year profit before a company may declare dividend, thereby eliminating that precondition for dividend declaration.