COMPANIES ACT - 1963 (ACT 179)

    Section - 293 - Interim Dividends

    The directors of a public company with shares may, unless the Regulations of the company shall otherwise provide, from time to time pay to the shareholders of the company interim dividends on account of dividends to be declared by the company in accordance with section 73 of this Code:

    Provided that,

    (a) no payment shall be made in contravention of subsection (1) of section 71 of this Code; and

    (b) if a payment is made in contravention of such subsection the persons specified in subsection (2) of the said section 71 shall be liable to restore the same to the company with interest in accordance with that subsection as qualified by section 292 of this Code.