Section 93   [ View Judgements ]

Payment of dividend in proportion to amount paid-up.


93. PAYMENT OF DIVIDEND IN PROPORTION TO AMOUNT PAID UP.

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.

#LawyerServices #Section #Act #Law #Statute #IndianLaw #Kanoon