Section 51.Payment of dividend in proportion to amount paid-up.
Effective from 12-09-2013
A may, if so authorised by its , pay in proportion to the amount paid- up on each .
2(20) Company means a company incorporated under this Act or under any previous company law
2(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
2(35) Dividend includes any interim dividend
2(84) Share means a share in the share capital of a company and includes stock