Companies Act, 1956

Section - 94 - Power of limited company to alter its share capital

Power of limited company to alter its share capital.

94.     (1) A limited company having a share capital, may, if so authorised by its articles, alter the conditions of its memorandum as follows, that is to say, it may—

         (a)  increase its share capital by such amount as it thinks expedient by issuing new shares;

         (b)  consolidate and divide all or any of its share capital into shares of larger amount than its existing shares;

          (c)  convert all or any of its fully paid-up shares into stock, and reconvert that stock into fully paid-up shares of any denomination;

         (d)  sub-divide its shares, or any of them, into shares of smaller amount than is fixed by the memorandum, so however, that in the sub-division the proportion between the amount paid and the amount, if any, unpaid on each reduced share shall be the same as it was in the case of the share from .... To read the full section download the app from Google Play store