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Interim Dividend (S.123(3))

Board declares from surplus in P&L: pay within 30 days, amount limited to average of 3 preceding FYs

3 steps~44 days start to finish

The steps, in order

1

Board Declares Interim Dividend

Board declares interim dividend. Amount should not exceed average of 3 preceding FY dividends.

within 7 days · document made for you
2

Fix Record Date

Fix record date.

within 7 days
3

Pay Interim Dividend

Pay within 30 days of declaration. Deduct TDS.

within 30 days

Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.

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Share Allotment →Share Transfer →Registered Office Change →Rights Issue (S.62(1)(a)) →Bonus Issue (S.63) →