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Sec 51 Companies Act 2013: Payment of dividend in proportion to amount paidup

SECTION-51 (Payment of dividend in proportion to amount paidup) under CHAPTER-IV (Share Capital and Debentures) of the Companies Act, 2013

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

Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013).

(2) Section 51 of the Companies Act 2013 was notified by MCA Notification S.O. 2754(E) dated 12th September 2013 (w.e.f. 12th September 2013).

(3) Further, refer the Companies (Share Capital and Debentures) Rules, 2014.

This page was last updated on 26th December, 2016.

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