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of <h1>Company Can Alter Memorandum to Change Share Capital, Consolidate, Subdivide, or Cancel Shares with Tribunal Approval.</h1> A limited company with share capital may alter its memorandum if authorized by its articles during a general meeting. It can increase its authorized share capital, consolidate and divide shares into larger amounts with Tribunal approval, convert fully paid-up shares into stock and vice versa, subdivide shares into smaller amounts while maintaining proportional paid and unpaid amounts, and cancel shares not taken or agreed to be taken, reducing the share capital by the canceled amount. The cancellation of shares is not considered a reduction of share capital.
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