धारा 361

Section 361 of the Companies Act, 2013, deals with the provision related to interim dividend. The section states that 'The Board of Directors of a company may declare interim dividend during any financial year out of the surplus in the profit and loss account or out of the profits of the company for the current or any preceding financial year, after providing for the depreciation and after setting aside such percentage of profits as may be prescribed for the purpose of building up its reserve as the company may consider appropriate.' The Board's decision to declare an interim dividend must be made at a meeting of the Board, and the dividend must be paid within thirty days from the date of declaration. The section also provides that the interim dividend shall be paid in accordance with the provisions of section 127 and shall be subject to the provisions of sections 73 and 74.