Companies (Declaration and Payment of Dividend) Second Amendment Rules, 2015 - The condition that, No company shall declare dividend unless carried over previous losses and depreciation not provided in previous year or years are set off against profit of the company of the current year, omitted - F. No. 1/31/2013-CL-V-Part - Companies Law

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Corporate Affairs Notification New Delhi, the 29 th May, 2015 G.S.R. 441 (E). - In exercise of the powers conferred under sub-section (1) of section 123 read with section 469 of the Companies Act, 2013 (18 of 2013) , the Central Government hereby makes the following rules further to amend the Companies (Declaration and Payment of Dividend) Rules, 2014 , namely:- 1. (1) These rules may be called the Companies (Declaration and Payment of Dividend) Second Amendment Rules, 2015. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Declaration and Payment of Dividend) Rules, 2014 , in rule 3, sub-rule (5) shall be omitted. [F. No. 1/31/2013-CL-V-Part] AMARDEEP SINGH BHATIA Joint Secretary to the Government of India Note. - The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), vide number G.S.R. 241(E), dated the 31st March, 2014 and was subsequently amended by notification number G.S.R. 397(E), dated the 12th June, 2014 and number G.S.R. 121 (E), dated the 24th February, 2015.