Note on SS-3 – Secretarial Standard on Dividend

The Institute of Company Secretaries of India has issued SS-3 – Secretarial Standard on Dividend. We may note that ICSI had issued earlier SS-3 – Secretarial Standard on Dividend, effective May 2003, drafted in the light of Companies Act, 1956.  This was recommendatory in nature. Now, the new Standard has been issued in line with …

SS-3 – Secretarial Standard on Dividend

ICSI has issued SS-3 - Secretarial Standard on Dividend. The Standard comes into effect from January 1, 2018. This Standard prescribes a set of principles in relation to the declaration and payment of Dividend and matters related thereto. The principles set out herein relate to declaration and payment of Dividend on equity as well as …

ICSI’s Initiatives

i. Corporate Anti-Bribery Code ICSI has come up with a Corporate Anti-Bribery Code as a move to weed out corruption in India. The same can be accessed at the following link: https://www.icsi.edu/webmodules/Corporate_antiBribery.pdf ii. Awareness on Misuse of Corporate Structures ICSI is raising awareness on how the corporate structure is being misused for illicit activities. This …