# Companies Act 1948, Section 59: Power of company to arrange for different amounts being 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.

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Source: https://www.legislation.gov.uk/ukpga/Geo6/11-12/38/section/59 (the official version)
Page: https://openlegislation.uk/companies-act-1948/section-59
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.