Companies (Declaration of Dividend Out of Reserves) Amendment Rules, 2006 - Amendments in rule 2; insertion of Form

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....006 - Amendments in rule 2; insertion of Form GSR 134(E).-In exercise of the powers conferred by sub-section (3) of section 205A read with clause (a) of sub-section (1) of section 642 and 610A of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies (Declaration of Dividend Out of Reserves) Rules, 1975, namely:- 1.(1) Thes....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....2000).      (vi)  The Forms prescribed in these rules, when filed in physical form, may be authenticated by authorized signatory by affixing his signature manually."   (ii)  after the rules, the following Form shall be inserted, namely:- "Form Form of application for approval for declaration of dividend out of reserves [Pursuant to section 205A(3) ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rplus       (a) *Free reserves       (b) *Other reserves     4. Indicate the rate and amount of proposed dividend and how it meets the condition(s) mentioned in the rule 2 of the Companies (Declaration of Dividend out of Reserves) Rules, 1975.   (a)  *Proposal of the company       ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....;         (b)  Amount proposed to be withdrawn         Attachments 1. No objection letter from the company's lead financial institution Attach     2. Copy of board of directors resolution in support of the company's proposal Attach     3. Optional attachment(s) - if any Attach ....