# 51 Payment of dividend in proportion to amount paid-u
A company may, if so authorised by its articles, pay dividends in proportion to the amount paid-up on each share.
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SHARE CAPITAL AND DEBENTURES
47
Voting right48
Variation of shareholders‘ right49
Calls on shares of same class to be made on uniform basis50
Company to accept unpaid share capital, although not called up52
Application of premiums received on issue of shares53
Prohibition on issue of shares at discount54
Issues of sweat equity share
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