https://www.taxtmi.com/circulars?id=10924 Companies must provide for proposed dividend in the profit and loss account and show that provision under Current liabilities and provisions in the balance sheet. This obligation flows from Schedule VI disclosure requirements, dividend and reserves rules, and the accounting provision cited, and failure to comply constitutes a contravention of statutory accounts disclosure obligations that undermines the true and fair view of the accounts and attracts penal consequences for directors and officers; auditors must report such contraventions or face regulatory action. en-us Mon, 22 Nov 1976 00:00:00 +0530 Fri, 17 Jun 2011 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10924 Companies must provide for proposed dividend in the profit and loss account and show that provision under Current liabilities and provisions in the balance sheet. This obligation flows from Schedule VI disclosure requirements, dividend and reserves rules, and the accounting provision cited, and failure to comply constitutes a contravention of statutory accounts disclosure obligations that undermines the true and fair view of the accounts and attracts penal consequences for directors and officers; auditors must report such contraventions or face regulatory action. Circulars Companies Law Mon, 22 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10924