https://www.taxtmi.com/acts?id=15496 A limited company authorised by its articles may alter its memorandum in general meeting to increase authorised share capital; consolidate and divide share capital into larger shares subject to prescribed application and Tribunal approval; convert fully paid shares into stock and reconvert stock into shares of any denomination; subdivide shares while maintaining the paid/unpaid proportion on reduced shares; and cancel unissued or unagreed shares, diminishing share capital by the cancelled amount. Cancellation under this provision is not deemed a reduction of share capital. en-us Mon, 19 Dec 2011 19:02:01 +0530 Mon, 19 Dec 2011 19:02:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15496 A limited company authorised by its articles may alter its memorandum in general meeting to increase authorised share capital; consolidate and divide share capital into larger shares subject to prescribed application and Tribunal approval; convert fully paid shares into stock and reconvert stock into shares of any denomination; subdivide shares while maintaining the paid/unpaid proportion on reduced shares; and cancel unissued or unagreed shares, diminishing share capital by the cancelled amount. Cancellation under this provision is not deemed a reduction of share capital. Act-Rules Bill Mon, 19 Dec 2011 19:02:01 +0530 https://www.taxtmi.com/acts?id=15496