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Section 51
Corporate & Other Laws
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%?
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