Demystifying Section 123 of Companies Act 2013: Everything You Need to Know

In the vast landscape of corporate law, Section 123 of the Companies Act, 2013, holds significant importance. It elucidates the intricate framework surrounding the declaration and payment of dividends by companies, serving as a guiding beacon for corporate governance and shareholder relations. Dividends represent the rewards reaped by shareholders for their investments in a company. They symbolize the company's financial health, profitability, and commitment to shareholder value maximization.