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In order to infuse greater transparency and uniformity in practice, the RBI has decided to prescribe guidelines on the distribution of dividends by NBFCs. These guidelines shall be applicable to all NBFCs regulated by RBI and shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022, and onwards.In order to infuse greater transparency and uniformity in practice, the RBI has decided to prescribe guidelines on the distribution of dividends by NBFCs. These guidelines shall be applicable to all NBFCs regulated by RBI and shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022, and onwards.taxmann.com Latest Statutory HappeningsRead More