Costing Standards Accounting Standards E-Forms

The Companies Act, 1956

Share Capital and Debentures (82 to 123)

Section 93 Payment of dividend in proportion to amount paid-up.

Section 93 Payment of dividend in proportion to amount paid-up. 

 A company may, if so authorised by its articles, pay dividends in proportion to the amount paid-up on each share where a larger amount is paid-up on some shares than on others.