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.

Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 14 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.

Supreme Court judgments citing the section 51

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