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Section 51

In case suppose in balance sheet 1000 equity shares of rs 100 , paid up 80 Mr.A , a shareholder holding 100 shares, made advance payment of call money of rs 20 If a Mr.A made advance payment on call money as per Sec50 and the dividend @10 % is paid on the paid up value (AoA authorised in this case) Will Mr.A get 100 Ã?100 Ã?10% or 100Ã?80Ã?10%?


Swathi Krishna

Swathi Krishna

CA Inter

7K+

26-Jul-20

53

Answers (5)

No dividend is paid only on the paid up amount but cannot be paid on advance calls received.


Lavanya Chitturi

Lavanya Chitturi

CA Inter

895

27-Jul-20

K


Thread Starter

Swathi Krishna

Swathi Krishna

CA Inter

7K+

27-Jul-20

So if the paid up value of the share of the company is rs.80 and Mr.A only paid rs.60 Will his dividend be the 100*60*10%


Thread Starter

Swathi Krishna

Swathi Krishna

CA Inter

7K+

27-Jul-20

Yes proportionate amount of dividend is paid.


Lavanya Chitturi

Lavanya Chitturi

CA Inter

895

28-Jul-20

K


Thread Starter

Swathi Krishna

Swathi Krishna

CA Inter

7K+

28-Jul-20

All the Best
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