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Dividend
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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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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