COMPANIES ACT - 1963 (ACT 179)

    Section - 72 - Prohibition of Payment of Dividends by Companies Limited by Guarantee

    (1) A company limited by guarantee shall not at any time pay any dividend or make any distribution or return of its assets to its members.

    (2) If any payment, distribution or return shall be made in contravention of this section any member to whom it is made shall restore the same to the company with interest thereon at the rate of five per centum per annum and every officer of the company who is in default shall be liable to a fine not exceeding one hundred pounds.