Section 42(3) in The Central Warehousing Corporation Rules, 1963
(3)The dividend shall be payable in proportion to the amount paid up on each share before the expiry of the year for which the dividend is declared :Provided that, in the case of shares allotted or calls made in the course of the year for which the dividend is declared the dividend shall be payable only in proportion to the period of the year from the date of allotment or, as the case may be, from the date fixed for payment of call money.
