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of <h1>Limited Companies Can Alter Share Capital: Increase, Consolidate, Subdivide, or Cancel Shares Per Articles & General Meeting Approval.</h1> A limited company with share capital, if authorized by its articles, can alter its memorandum during a general meeting to adjust its share capital in various ways: increase authorized share capital, consolidate and divide shares into larger amounts (subject to Tribunal approval if it affects voting percentages), convert shares into stock and vice versa, subdivide shares into smaller amounts while maintaining payment proportions, and cancel unissued shares, reducing share capital by the canceled amount. Such cancellation is not considered a reduction of share capital under the law.
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