Dividends: SEBI mandates a policy

On 8 July 2016, SEBI amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2016, to make it mandatory for the top 500 listed companies to formulate and disclose a dividend distribution policy. In order to help companies through this transition, IiAS has put together a sample template that can be used by boards as a guiding reference for drafting their dividend policies.

The template can be accessed by clicking here.