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The Companies Act, 2013

Chapter IV - Share Capital And Debenture (43-72)

Section 51- Payment of dividend in proportion to amount paid-up.

[Notification/Effective Date: 12.09.2013]

Section 51- Payment of dividend in proportion to amount paid-up. [Corresponds to Section 93 of the Companies Act,1956]

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