| 释义 |
alteration of share capital
An increase, reduction (see reduction of capital), or any other change in the authorized capital of a company. If acting in accordance with the Companies Act 2006 s 617, a limited company can increase its authorized capital as appropriate. It can also rearrange its existing authorized capital (e.g. by consolidating 100 shares of £1 into 25 shares of £4 or by subdividing 100 shares of £1 into 200 of 50p) and cancel unissued shares. Unless the articles of association provide otherwise, these powers may be exercised by an ordinary resolution. |