Payment of Dividend in Proportion to Amount Paid-Up.

Notified Date of Section: 12/09/2013

51. A company may, if so authorised by its articles, pay dividends in proportion to the amount paid- up on each share.

Related posts:

Section-276: Removal and Replacement of Liquidator
Section-234: Merger or Amalgamation of Company with Foreign Company
Section-453: Punishment for Improper Use of “Limited” or “Private Limited”