Declaration of dividend out of current profits - BR

Board Resolution for recommending payment of dividend on equity shares out of current profits

“RESOLVED THAT in accordance with the provisions of Section 123 and other applicable provisions, if any, of the Companies Act, 2013 and the Companies (Declaration and Payment of Dividend) Rules, 2014, the Board of directors of the company do hereby recommend a dividend at the rate of Rs _________ per equity share out of the current profits of the company for the year ended on ____________ 20__ on the ________ fully paid equity shares of the company absorbing Rs. _________ out of the profits of the year and that, subject to the declaration by the members of the company at the ensuing annual general meeting, such dividend be paid to the registered holders of the equity shares whose names would appear on the register of members on _______ 20__.”

Declaration of Dividend out of Reserves - BR

Board Resolution for recommending declaration of dividend out of reserves

"RESOLVED THAT the Board of directors of the company do hereby recommend to the members of the company, the declaration and payment of a dividend at the rate of ten per cent on all the fully paid equity shares of the company out of the free reserves of the company that stood in the books of the company on _______ 20__ absorbing a total of ` ______, with due compliance of the Companies (Declaration and Payment of Dividend) Rules, 2014, and that, subject to the declaration by the members at the forthcoming annual general meeting, to the holders of the equity shares whose names will appear on the register of members on ________ 20__."

Declaration of interim dividend on equity shares - BR

Board Resolution For Declaration Of Interim Dividend On Equity Shares

RESOLVED THAT an interim dividend of Rs. __ (Rupees ___) only on each fully paid _______ no. of equity shares of Rs. __(Rupees ___) each of the company amounting to Rs___________ be paid out of the profits of the company for the half year ended _________ 20__ to those members of the company whose names would appear on the register of members of the company on the ______ day of _______, 20­­__.

RESOLVED FURTHER THAT a bank account to be designated as “Interim Equity Dividend (2018) Account of __________ Limited” be opened in the name of the company with ________ Bank at its Branch at ________ and a sum of Rs_________, being the total interim dividend amount, be deposited in the said account within five days.

RESOLVED FURTHER THAT Shri _____________, Managing Director and Shri _____________, the Company Secretary be and are hereby authorised to open the bank account by signing the account opening form and by furnishing to the said bank the required papers, documents, information etc. and completing all other required formalities for the purpose of opening the bank account and to make arrangements with the said bank for the payment at par, of the interim dividend within thirty days from the date of this resolution.

RESOLVED FURTHER THAT Shri ___________________, Managing director and Shri _____________, Company Secretary of the company for the time being, be and are hereby authorised to jointly sign the dividend warrants to be issued on the said bank and the said bank be and is hereby authorised to honour the interim dividend warrants jointly signed by the said authorised signatories, as and when presented for encashment.

Declaration of Final Dividend - OR

Ordinary Resolution for declaring final dividend in Annual General Meeting

“RESOLVED THAT a dividend at the rate of ₹ ___/- (______ rupees only) per equity share of ₹ 10/- (Ten rupees) each fully paid-up of the Company be and is hereby declared for the financial year ended March 31, ______ and the same be paid as recommended by the Board of Directors of the Company, out of the profits of the Company for the financial year ended March 31, _______.”