Bare ActsCompanies Act, 1956

Section 93

Payment of dividend in proportion to amount paid-up

Amendment status not verified — confirm the current text below against the official source.

A company may, if so authorised by its articles, pay dividends in proportion to the amount paid-up on each share where a larger amount is paid-up on some shares than on others.

Section 93 – Companies Act, 1956 | DailyLaw.ai