134 3.2 The procedure for alteration of share capital

Objectives

By the end of this sub unit, you should be able to:

1. Explain situations where a company may need to alter its share capital.

2. Articulate the steps required to alter the capital.

 

Introduction

A company may increase its issued share capital by allotting more shares. Allotments must only be done under proper authority as detailed by the articles (AA) of the company.

License

BCS 202/05 Corporate Compliance Management Copyright © 2011 by Wawasan Open University. All Rights Reserved.

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