The Indian Companies Act 1882, 6 of 1882, (Rep., Act 1 of 1956)

Section 27. Nothing herein contained shall be deemed to prevent any Company under this Act, if authorized by its

Repealed or not in force · As amended up to 2026-08

27. Nothing herein contained shall be deemed to prevent any Company under this Act, if authorized by its regulations as originally framed or as altered by special resolution, from doing any one or more of the following things, namely:— (a) making arrangements on the issue of shares for a difference between the holders of such shares in the ACT VI 1882.] Companies. the amount of calls to be paid, and in the time of payment of such calls; (b) accepting from any member of the Company who assents thereto the whole or a part of the amount remaining unpaid on any share or shares held by him, either in discharge of the amount of a call payable in respect of any other share or shares held by him or without any call having been made; (c) paying dividend in proportion to the amount paid up on each share in cases where a larger amount is paid up on some shares than on others.

Source: India Code