https://www.taxtmi.com/manuals?id=426 Dividends are payable only from current year profits after providing for depreciation, from prior undistributed profits similarly computed, or from government moneys under guarantee; depreciation must be provided in prescribed ways and a prescribed percentage of profits may be transferred to reserves before dividend declaration. Securities premium account balances are not distributable as dividend. Declared dividends become debts payable within thirty days, unpaid amounts must be transferred to a special unpaid dividend account, dividends must be paid in cash to registered shareholders or their bankers, and unpaid sums may be credited to an Investor Education and Protection Fund. en-us Sat, 19 May 2012 11:09:00 +0530 Tue, 22 May 2012 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=426 Dividends are payable only from current year profits after providing for depreciation, from prior undistributed profits similarly computed, or from government moneys under guarantee; depreciation must be provided in prescribed ways and a prescribed percentage of profits may be transferred to reserves before dividend declaration. Securities premium account balances are not distributable as dividend. Declared dividends become debts payable within thirty days, unpaid amounts must be transferred to a special unpaid dividend account, dividends must be paid in cash to registered shareholders or their bankers, and unpaid sums may be credited to an Investor Education and Protection Fund. Manuals Companies Law Sat, 19 May 2012 11:09:00 +0530 https://www.taxtmi.com/manuals?id=426