Declaration of Interim Dividend
All companies. The Board of Directors can declare an Interim Dividend during any financial year out of the surplus profits of the company.
Dividends look like a financial decision. Legally, they're a compliance one. Section 123(3)-(4) decides what's actually allowed. What that means day to day: board alone declares, must be at a Board Meeting (not circulation). This is exactly the kind of resolution Fi CTC Generator was built to make effortless.
Interim Dividend must be deposited in a separate bank account within 5 days of declaration and paid to shareholders within 30 days.
Section 123(4), Companies Act 2013
0 / 4 answered
Upload MCA company master data
CSV export from MCA portal — auto-fills Company Name, CIN, Address & Email
MCA portal → Company Master Data → Download as CSV
Enter the name exactly as on the Certificate of Incorporation.
Corporate Identification Number - 21 characters.
Used on the letterhead. Leave blank to omit.