Whether the Companies ( Declaration and payment ) Rule is applicable or to be complied with while declaring Interim dividend as per the amended section 123(3) CA 2013.If so whether the maximum amount of 10% of accumulated p/l account plus paid up capital to be used or drawn for interim dividend have to be determined separately for each quarter or cumulatively for all 4 quarters in case company decides to declare interim dividend for all 4 qts separately out of past profits and also assume that the company has incurred loss during the current FY 20-21 upto Dec 20
No...Just comply with section 123(3) i.e. declare interim divident out of surplus in P&L and Current year Profit. But if there is loss in Current FY then Dividend can not exceed avg of div declared by co in last 3 fy.
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