# Companies Act 1948, Paragraph 114


The company in general meeting may declare dividends, but no dividend shall exceed the amount recommended by the directors.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/schedule/FIRST/paragraph/114 (the official version)
Page: https://openlegislation.uk/companies-act-1948/schedule-FIRST/paragraph-114
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.