Rule 27: Prescribed arrangements for declaration and payment of dividends within India

The Income-tax Rules, 1962Central Act · 1962

Prescribed arrangements for declaration and payment of dividends within India.

The arrangements referred to in sections 194 and 236 to be made by a company for the declaration and payment of dividends (including dividends on preference shares) within India shall be as follows :

(1) The share-register of the company for all shareholders shall be regularly maintained at its principal place of business within India, in respect of any assessment year from a date not later than the 1st day of April of such year.

(2) The general meeting for passing the accounts of the previous year relevant to the assessment year and for declaring any dividends in respect thereof shall be held only at a place within India.

(3) The dividends declared, if any, shall be payable only within India to all shareholders.

Where this provision sits

Act	The Income-tax Rules, 1962
Rule	27
Marginal note	Prescribed arrangements for declaration and payment of dividends within India
Jurisdiction	Central
Status	In force as published by the source

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