Interim Dividend (S.123(3))
Board declares from surplus in P&L: pay within 30 days, amount limited to average of 3 preceding FYs. Interim Dividend (S.123(3)) takes 3 steps over about 44 days.
Last updated: 10 August 2026
What is the timeline for Interim Dividend (S.123(3))?
3 steps over about 44 days. Each deadline below runs from the step before it.
| # | Step | Form filed | Deadline |
|---|---|---|---|
| 1 | Board Declares Interim Dividend | None | within 7 days |
| 2 | Fix Record Date | None | within 7 days |
| 3 | Pay Interim Dividend | None | within 30 days |
What are the steps, in order?
The 3 steps below run in order; the day counts show how long each one allows.
Board Declares Interim Dividend
Board declares interim dividend. Amount should not exceed average of 3 preceding FY dividends.
Fix Record Date
Fix record date.
Pay Interim Dividend
Pay within 30 days of declaration. Deduct TDS.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.
Common questions
How long does Interim Dividend (S.123(3)) take?
About 44 days across 3 steps. The first step is: Board Declares Interim Dividend.
Can OnCompliance run Interim Dividend (S.123(3)) for me?
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.