https://www.taxtmi.com/acts?id=17420 Dividend may be declared only from current-year profits after depreciation, undistributed prior-year profits after depreciation, or government-provided funds under guarantee, excluding unrealised or notional gains and revaluation increases; depreciation must follow Schedule II. Companies may transfer profits to reserves before declaration, must set off prior losses and unprovided depreciation, and may declare interim dividends subject to limits where recent losses exist. Declared dividends must be deposited in a separate scheduled bank account within five days and are payable only to the registered shareholder or their order in cash or permitted electronic modes; failure to comply with sections 73 and 74 prohibits dividend declaration. en-us Sat, 02 Mar 2013 12:16:27 +0530 Wed, 24 Dec 2025 15:33:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17420 Dividend may be declared only from current-year profits after depreciation, undistributed prior-year profits after depreciation, or government-provided funds under guarantee, excluding unrealised or notional gains and revaluation increases; depreciation must follow Schedule II. Companies may transfer profits to reserves before declaration, must set off prior losses and unprovided depreciation, and may declare interim dividends subject to limits where recent losses exist. Declared dividends must be deposited in a separate scheduled bank account within five days and are payable only to the registered shareholder or their order in cash or permitted electronic modes; failure to comply with sections 73 and 74 prohibits dividend declaration. Act-Rules Companies Law Sat, 02 Mar 2013 12:16:27 +0530 https://www.taxtmi.com/acts?id=17420