Board Resolution

Board Resolution to Declare Interim Dividend

A certified board resolution declaring an interim dividend under Section 123 and authorising its payment.

CERTIFIED TRUE COPY OF THE RESOLUTION

passed at the meeting of the Board of Directors of [Company Name] held on [Date] at [Place]

RESOLVED THAT pursuant to Section 123 of the Companies Act, 2013, and the Articles of Association of the Company, an interim dividend of Rs. [Amount] per equity share be and is hereby declared out of the profits of the current financial year, payable to the shareholders whose names appear on the register of members as on [Record Date].

FURTHER RESOLVED THAT [Authorised Person Name], [Designation], be and is hereby authorised to open a separate dividend account, transfer the requisite amount, arrange dispatch/credit of the dividend within the statutory timeline, and do all acts required to give effect to this resolution.

Certified to be a true copy of the resolution duly passed by the Board of Directors.

___
[Director/Company Secretary]
DIN/Mem No: [..]

Before you use it — fill in / check

  • Company name
  • Counterparty/details
  • Amount
  • Meeting date

How to use this template

  1. Read through and replace every [bracketed] or blank placeholder with your actual details.
  2. Delete any clause that doesn't apply and add anything specific to your situation.
  3. Click Print / Save as PDF to download, or Copy text to paste into your letterhead.
  4. Get it signed / stamped / notarised as required, and keep a copy for your records.

This is a general, editable template for convenience only — not legal advice. For anything material, have a professional review it. TaxClue isn't liable for how it's used.