51Payment of dividend in proportion to amount paid-up.
Section 51 · Chapter IV · page 48 of the Act
A company may, if so authorised by its articles, pay dividends in proportion to the amount paid-up on each share.
Chapter IV · Share Capital and Debentures
Section 51 of The Companies Act, 2013 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.