Section 51 — 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.

1. Sub-section (5) omitted by Act 29 of 2020, s. 8 (w.e.f. 21-12-2020).

Related sections

Section 43 — Kinds of share capital
Section 44 — Nature of shares or debentures
Section 45 — Numbering of shares
Section 46 — Certificate of shares
Section 47 — Voting rights
Section 48 — Variations of shareholders’ rights
Section 49 — Calls on shares of same class to be made on uniform basis
Section 50 — Company to accept unpaid share capital, although not called up
Section 52 — Application of premiums received on issue of shares
Section 53 — Prohibition on issue of shares at discount
Section 54 — Issue of sweat equity shares
Section 55 — Issue and redemption of preference shares
Section 57 — Punishment for personation of shareholder
Section 58 — Refusal of registration and appeal against refusal
Section 59 — Rectification of register of members
Section 60 — Publication of authorised, subscribed and paid -up capital
Section 61 — Power of limited company to alter its share capital
Section 62 — Further issue of share capital
Section 63 — Issue of bonus shares
Section 64 — Notice to be given to Registrar for alteration of share capital
Section 65 — Unlimited company to provide for reserve share capital on conversion into limited
Section 66 — Reduction of share capital
Section 67 — Restriction on purchase by company or giving of loans by it for purchase of its shares
Section 68 — Power of company to purchase its own securities
Section 69 — Transfer of certain sums to capital redemption reserve account
Section 70 — Prohibition for buy-back in certain circumstances
Section 71 — Debentures
Section 72 — Power to nominate