https://www.taxtmi.com/acts?id=12384 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. en-us Sat, 07 May 2011 16:28:16 +0530 Sat, 07 May 2011 16:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12384 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. Act-Rules Companies Law Sat, 07 May 2011 16:28:16 +0530 https://www.taxtmi.com/acts?id=12384