Electronic filing and digital signature requirement for dividend declarations enables approved e-Form submission and physical signature alternative. The amendment permits prescribed forms under the Dividend Out of Reserves Rules to be filed electronically or on computer readable media, requires electronic authentication by authorised signatories using digital signatures, and allows physical forms to be signed manually. It inserts a detailed application form for approval to declare dividend out of reserves, requiring corporate and capital particulars, proposed dividend particulars, justification where profits are inadequate or losses exist, specified attachments including a no-objection letter and board resolution, a declaration of authorised signatory, and certification by an accountant or company secretary.
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Provisions expressly mentioned in the judgment/order text.
Electronic filing and digital signature requirement for dividend declarations enables approved e-Form submission and physical signature alternative.
The amendment permits prescribed forms under the Dividend Out of Reserves Rules to be filed electronically or on computer readable media, requires electronic authentication by authorised signatories using digital signatures, and allows physical forms to be signed manually. It inserts a detailed application form for approval to declare dividend out of reserves, requiring corporate and capital particulars, proposed dividend particulars, justification where profits are inadequate or losses exist, specified attachments including a no-objection letter and board resolution, a declaration of authorised signatory, and certification by an accountant or company secretary.
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