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

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..... Reserves) Rules, 1975, namely: 1. (1) These rules may be called the Companies (Declaration of Dividend Out of Reserves) Amendment Rules, 2006. (2) They shall come into force on the date of their publication, in the Official Gazette. 2. In the Companies (Declaration of Dividend Out of Reserves) Rules, 1975 ( i ) after clause ( iii ) of rule 2, the following clauses shall be inserted, namely: ( iv ) The Forms prescribed in these rules may be filed through electronic media or through any other computer readable media as referred under section 610A of the Companies Act, 1956 (1 of 1956). ( v ) The electronic form shall be authenticated by the authorized signatories using digital signatures, as defined under th .....

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..... e rule 2 of the Companies (Declaration of Dividend out of Reserves) Rules, 1975. ( a ) *Proposal of the company ( b ) Rate of proposed dividend ( c ) *Amount of proposed dividend ( d ) *Conditions for the non-compliance of which the application is being made 5. Justification for the proposal ( a ) When the company is in loss ( b ) When the profit is inadequate for declaring dividend at the proposed rate .....

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..... and found them to be true and correct. To be digitally signed by Chartered accountant or cost accountant or company secretary (in whole-time practice) Modify Check Form Prescrutiny Submit For office use only Digital signature of the authorising officer This e-Form is hereby approved This e-Form is hereby rejected Submit to BO [F. No. 1/6/2005-CL-V] JITESH KHOSLA, Jt. Secy. Note:- The Principal rules were published in the Gazette of India vide G.S.R. No. 427(E) dated 24-07-1975. - Notification Tax Management India - tax .....

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