https://www.taxtmi.com/acts?id=39402 Dividends may be declared only from specified surpluses and profits after excluding unrealised gains and providing for depreciation; reserves other than free reserves are not available and prior losses and unprovided depreciation must be set off. The Board may declare interim dividends subject to source and cap conditions; declared dividends must be deposited in a scheduled bank account within five days and paid only to registered members in cash. Unpaid or unclaimed dividends must be transferred to a designated Unpaid Dividend Account, published, and, if unclaimed for seven years, moved to the Investor Education and Protection Fund. en-us Mon, 01 Feb 2021 19:44:35 +0530 Mon, 01 Feb 2021 19:44:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39402 Dividends may be declared only from specified surpluses and profits after excluding unrealised gains and providing for depreciation; reserves other than free reserves are not available and prior losses and unprovided depreciation must be set off. The Board may declare interim dividends subject to source and cap conditions; declared dividends must be deposited in a scheduled bank account within five days and paid only to registered members in cash. Unpaid or unclaimed dividends must be transferred to a designated Unpaid Dividend Account, published, and, if unclaimed for seven years, moved to the Investor Education and Protection Fund. Act-Rules Bills Mon, 01 Feb 2021 19:44:35 +0530 https://www.taxtmi.com/acts?id=39402