Dividend calculation

Harsh Gupta (Student) (47 Points)

17 November 2015  

Dividend on partly paid up shares to be paid on paid up value or face value.

eg: div.rate=10 %

rs 10 share nominal value, however rs 8 is paid up value.

so whether the value of div. will be rs 1 or rs 0.8.

Nothing is mentined in the sum about the articles provision.