1. The Central Government of India notifies new rules called the Companies (Declaration and Payment of Dividend) Rules, 2014 to regulate the declaration of dividends by companies. 2. The rules allow companies to declare dividends out of reserves even if there are no profits or inadequate profits for the year, subject to certain conditions like the dividend rate not exceeding the average rate of the past three years. 3. Form DIV 5 is introduced for filing a statement of amounts credited by companies to the Investor Education and Protection Fund.