Companies (Declaration and Payment of Dividend) Second Amendment Rules, 2015 - The condition that, No company shall declare dividend unless carried over previous losses and depreciation not provided in previous year or years are set off against profit of the company of the current year, omitted

Companies (Declaration and Payment of Dividend) Second Amendment Rules, 2015 - The condition that, No company shall declare dividend unless carried over previous losses and depreciation not provided in previous year or years are set off against profit of the company of the current year, omitted https://www.taxtmi.com/notifications?id=117778 The Second Amendment Rules, 2015 omit sub rule (5) of rule 3 of the Companies (Declaration and Payment of Dividend) Rules, 2014, removing the requirement that carried forward losses and depreciation not provided in previous years be set off against current year profit before a company may declare dividend, thereby eliminating that precondition for dividend declaration. en-us Fri, 29 May 2015 00:00:00 +0530 Sat, 27 Jun 2015 12:46:00 +0530 TaxTMI RSS Generator Companies (Declaration and Payment of Dividend) Second Amendment Rules, 2015 - The condition that, No company shall declare dividend unless carried over previous losses and depreciation not provided in previous year or years are set off against profit of the company of the current year, omitted https://www.taxtmi.com/notifications?id=117778 The Second Amendment Rules, 2015 omit sub rule (5) of rule 3 of the Companies (Declaration and Payment of Dividend) Rules, 2014, removing the requirement that carried forward losses and depreciation not provided in previous years be set off against current year profit before a company may declare dividend, thereby eliminating that precondition for dividend declaration. Notifications Companies Law Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117778