Securities And Exchange Board Of India - Subsection
Section 43A(2) in Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
(2)The dividend distribution policy shall include the following parameters:(a)the circumstances under which the shareholders of the listed entities may or may not expect dividend;(b)the financial parameters that shall be considered while declaring dividend;(c)internal and external factors that shall be considered for declaration of dividend;(d)policy as to how the retained earnings shall be utilized; and(e)parameters that shall be adopted with regard to various classes of shares:Provided that if the listed entity proposes to declare dividend on the basis of parameters in addition to clauses (a) to (e) or proposes to change such additional parameters or the dividend distribution policy contained in any of the parameters, it shall disclose such changes along with the rationale for the same in its annual report and on its website.
