Dividend

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75 Points Joined June 2015
If the paid up value of shares is Rs. 8/share, Face value 10, and company declares dividend, then is the dividend payable on Rs. 8 or 10?
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On 20 June 2015 at 23:36 Report
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176 Points Joined September 2010

Dear Parul,

If authorised by articles then as per Section 51 of Companies Act 2013, the Company has the option to pay dividend on the paid up value of the shares. Otherwise Company has to pay dividend only on the face value.

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On 21 June 2015 at 00:40


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