Companies Act · s 51

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s 51Power of company to arrange for different amounts paid on shares

A company, if so authorised by its articles, may do any one or more of the following things -

(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;

(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;

(c)

pay dividend in proportion to the amount paid-up on each share where a larger amount is paid-up on some shares than on others.