Government of India
Ministry of Corporate Affairs
New Delhi, the 29th May, 2015
G.S.R. (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.
Extract of sub-rule (5) of Rule 3 of Companies (Declaration and Payment of Dividend) Rules, 2014 for ready reference of our readers :-