http://www.legislation.gov.uk/ukpga/Edw7/8/69/schedule/FIRST/paragraph/97/enactedCompanies (Consolidation) Act 1908InspectionsKing's Printer of Acts of Parliament2023-05-24SCHEDULES.FIRST SCHEDULETABLE ARegulations for Management of a Company Limited by Shares.Dividends and Reserve.97No dividend shall be paid otherwise than out of profits.