Alteration of share capital: companies may increase, consolidate, convert, sub divide or cancel shares under their articles. A limited company authorised by its articles may alter its memorandum to increase share capital by issuing shares; consolidate or divide share capital into larger shares; convert fully paid shares into stock and reconvert that stock; sub divide shares while maintaining the paid/unpaid proportion; and cancel unissued or unsubscribed shares, diminishing capital by the cancelled amount. These powers are exercised in general meeting without Court confirmation, and such cancellation is not deemed a reduction of share capital under the Act.