https://www.taxtmi.com/notifications?id=116579 Declaration of dividend out of accumulated reserves is permitted when profits are inadequate, but is limited by a dividend rate cap based on recent dividend history and by a ceiling relative to paid-up share capital and free reserves in the latest audited financial statement. Withdrawn amounts must first be used to set off current-year losses before equity dividends, and reserves after withdrawal must not fall below a mandated buffer of paid-up share capital. Carried-over losses and unprovided depreciation must be set off against current profits before any dividend. en-us Mon, 31 Mar 2014 00:00:00 +0530 Fri, 13 Mar 2026 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116579 Declaration of dividend out of accumulated reserves is permitted when profits are inadequate, but is limited by a dividend rate cap based on recent dividend history and by a ceiling relative to paid-up share capital and free reserves in the latest audited financial statement. Withdrawn amounts must first be used to set off current-year losses before equity dividends, and reserves after withdrawal must not fall below a mandated buffer of paid-up share capital. Carried-over losses and unprovided depreciation must be set off against current profits before any dividend. Notifications Companies Law Mon, 31 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116579