134 3.2 The procedure for alteration of share capital


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.



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.


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