Dividend income.
- [For the purposes of inclusion in the total income of an assessee,- (a) any dividend] declared by a company or distributed or paid ... declared, distributed or paid, as the case may be; (b) [ any interim dividend shall be deemed to be the income of the previous year
appointed to the Board of a company; (35) “dividend” includes any interim dividend; (36) “document” includes summons, notice, requisition, order, declaration, form and register, whether
deemed public companies; (iii) to reduce the period for disbursing dividend/interim dividend to shareholders from 42 days to 30 days; (iv) to request
amount declared, distributed or paid by such company by way of dividends (whether interim or otherwise) on or after the 1st day of April ... date of- (a) declaration of any dividend; or (b) distribution of any dividend; or (c) payment of any dividend, whichever is earliest
Board of Directors may declare interim dividend and the amount of dividend including interim dividend shall be deposited in a separate bank account within five ... days from the date of declaration of such dividend. (1B) The amount of dividend including interim dividend so deposited under sub-section (1-A) shall
declared interim dividends. The appellant received a
dividend -warrant dated December 28, 1950 for a certain
amount being the interim dividend in respect ... dividend
even if it is one in form declaring dividend.
The Indian Companies Act, 1913 contains no provision for
declaration of dividend either interim
purposes of this Act; (t) the payment of dividends, including interim dividends; (u) generally for the conduct of the business of the State Bank
upon shareholders or other persons; (r) the payment of dividends including interim dividends; (s) the delegation of powers and functions of the Board of Directors ... upon shareholders or other persons; (k) the payment of dividends, including interim dividends; (l) the delegation of powers and functions of the Board of Directors
holding of the annual general meeting for that financial year, declare interim dividend out of the surpluses and profits referred to in sub-section ... dividends declared by the Corporation during the immediately preceding three financial years. (3) The amount of the dividend, including interim dividend, shall be deposited
respondent-company passed a resolution whereby it decided
that interim dividend should be distributed amongst the
Shareholders. The resolution further provided that this
dividend would ... declare
dividend. Clause 86 does not give the Board of Directors per
to declare any dividend but only enables it to pay interim
dividend
