Apportion - Definition - Law Dictionary Home Dictionary Definition apportion

Definition :

Apportion, according to the Shorter Oxford English Dictionary, 3rd Ed., Vol., 1 p. 87, to 'apportion' is 'to assign as a proper portion'. An assignment as a proper portion of the dividends would mean an assignment in the same or similar ratio as the respective profits of the two segments bear to the total profits of the company, C.I.T. v. T.V. Sundaram Iyengar (P.) Ltd., (1976) 1 SCC 77 (84): AIR 1976 SC 255.