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INFY » Topics » 2.11.2 Dividends

This excerpt taken from the INFY 6-K filed Jul 28, 2005.

2.10.2      Dividends

                 Should the company declare and pay dividends, such dividends will be paid in Indian Rupees. Indian law mandates that any dividend be declared out of distributable profits only after the transfer of a specified percentage of net income computed in accordance with current regulations to a general reserve. Moreover, the remittance of dividends outside India is governed by Indian law on foreign exchange and is subject to applicable taxes.



This excerpt taken from the INFY 20-F filed Apr 26, 2005.

2.11.2 Dividends

 

Should the company declare and pay dividends, such dividends will be paid in Indian Rupees. Indian law mandates that any dividend be declared out of distributable profits only after the transfer of a specified percentage of net income computed in accordance with current regulations to a general reserve. Moreover, the remittance of dividends outside India is governed by Indian law on foreign exchange and is subject to applicable taxes.

 

EXCERPTS ON THIS PAGE:

6-K
Jul 28, 2005
20-F
Apr 26, 2005

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