Section 51.Payment of dividend in proportion to amount paid-up.
Effective from 12-09-2013
A company2(20) Company means a company incorporated under this Act or under any previous company law may, if so authorised by its articles2(5) Articles means the articles of association of a company as originally framed or as altered from time to time or applied in pursuance of any previous company law or of this Act, pay dividend2(35) Dividend includes any interim dividend in proportion to the amount paid- up on each share2(84) Share means a share in the share capital of a company and includes stock .