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    Question

    Which section of the Companies Act delas with the

    payment of dividend in proportion to amount paid-up?
    A Section 47 Correct Answer Incorrect Answer
    B Section 50 Correct Answer Incorrect Answer
    C Section 51 Correct Answer Incorrect Answer
    D Section 59 Correct Answer Incorrect Answer
    E Section 61 Correct Answer Incorrect Answer

    Solution

    Section 51 Payment of dividend in proportion to amount paid-up- A company may, if so, authorised by its articles, pay dividend in proportion to the amount paid- up on each share

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