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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 12:05

17

Answers (5)

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


Lavanya Chitturi

Lavanya Chitturi

Moderator

27-Jul-20 02:37

K


Swathi Krishna

Swathi Krishna

CA Inter

7K+

27-Jul-20 09:13

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%


Swathi Krishna

Swathi Krishna

CA Inter

7K+

27-Jul-20 09:15

Yes proportionate amount of dividend is paid.


Lavanya Chitturi

Lavanya Chitturi

Moderator

28-Jul-20 13:56

K


Swathi Krishna

Swathi Krishna

CA Inter

7K+

28-Jul-20 14:14

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