Declaration of dividend out of reserves.

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....e accumulated profits earned by it in previous years and transferred by it to the reserves, subject to the conditions that-      (i) the rate of dividend declared shall not exceed the average of the rates at which dividend was declared by it in the five years immediately preceding that year or ten per cent of its paid up capital, whichever is less;    &nbsp....

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....The electronic form shall be authenticated by the authorised signatories using digital signatures, as defined under the Information Technology Act, 2000 (21 of 2000).      (vi) The Forms prescribed in these rules, when filed in physical form, may be authenticated by authorised signatory by affixing his signature manually.] Explanation.-For the purposes of this rule, "prof....