Section 163 CAMA 2020
Section 163 Companies and Allied Matters Act is about Power to pay different amounts on shares. It is under Call on and Payment for Shares of Chapter 8 of PART B (Incorporation of Companies and Incidental Matters) of the Act.
Power to pay different amounts on shares
Where it is authorised by its articles, a company may—
(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 ; or
(c) pay dividends in proportion to the amount paid up on each share where a larger amount is paid up on some shares than on others.
