https://www.taxtmi.com/acts?id=54093 Secretarial Standard-3 sets out recommendatory principles for declaration, payment, entitlement, abeyance, transfer, disclosure and preservation of dividend. Dividend may be declared only from distributable profits or, in limited cases, free reserves, subject to loss set-off, depreciation and specified compliance conditions; it cannot be declared where deposit, debenture, preference share, dividend or term-loan defaults subsist, or from prohibited reserve accounts. Final dividend requires Board recommendation and members' approval at an annual general meeting, while interim dividend is declared by the Board. The Standard also governs unpaid dividend, transfer to the Investor Education and Protection Fund, preservation of instruments and listed company disclosures. en-us Mon, 20 Apr 2026 10:52:25 +0530 Mon, 20 Apr 2026 10:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54093 Secretarial Standard-3 sets out recommendatory principles for declaration, payment, entitlement, abeyance, transfer, disclosure and preservation of dividend. Dividend may be declared only from distributable profits or, in limited cases, free reserves, subject to loss set-off, depreciation and specified compliance conditions; it cannot be declared where deposit, debenture, preference share, dividend or term-loan defaults subsist, or from prohibited reserve accounts. Final dividend requires Board recommendation and members' approval at an annual general meeting, while interim dividend is declared by the Board. The Standard also governs unpaid dividend, transfer to the Investor Education and Protection Fund, preservation of instruments and listed company disclosures. Act-Rules Companies Law Mon, 20 Apr 2026 10:52:25 +0530 https://www.taxtmi.com/acts?id=54093