Companies Act, 1963
| [GA] | Power of company to arrange for different amounts being paid on shares. |
66.—A company, if so authorised by its articles, may do any one or more of the following things— |
| [GA] |
( a ) make arrangements on the issue of shares for a difference between the shareholders in the amounts and times of payment of calls on their shares; |
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| [GA] |
( b ) accept from any member the whole or a part of the amount remaining unpaid on any shares held by him, although no part of that amount has been called up; |
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| [GA] |
( c ) pay a dividend in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others. |