Section 51: Payment of dividend in proportion to amount paid-up
This section allows companies to pay dividends proportionally to the amount paid-up on each share if authorized by their articles.
The section, clause by clause
What the section says
In plain terms
A company may, if so authorised by its articles, pay dividends in proportion to the amount paid-up on each share.
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
Amendment notes
- 1. Sub-section (5) omitted by Act 29 of 2020, s. 8 (w.e.f. 21-12-2020).
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.