The Companies Act, 2013 Section 51 Payment of dividend in proportion to amount paid-up Chapter IV · Share Capital and Debentures 51. Payment of dividend in proportion to amount paid-up.—A company may, if so authorised by its articles, pay dividends in proportion to the amount paid-up on each share. Copy text 51. Payment of dividend in proportion to amount paid-up.—A company may, if so authorised by its articles, pay dividends in proportion to the amount paid-up on each share.