Monday, April 4, 2016

Section 51 of Companies Act, 2013

Section 51 of Companies Act, 2013

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.

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Section 51 of Companies Act, 1956

Service of documents on company.

A document may be served on a company or an officer thereof by sending it to the company or officer at the registered office of the company by post under a certificate of posting or by registered post, or by leaving it at its registered office :

Provided that where the securities are held in a depository, the records of the beneficial ownership may be served by such depository on the company by means of electronic mode or by delivery of floppies or discs.

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