alteration of capital

alteration of capital

a limited company may not issue more shares than are authorized by its memorandum of association. However, members of such a company may agree, by a provision in the articles, that the company's authorized capital maybe increased; such an increase may be made if power to do so is provided by its articles.
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The European Parliament has approved a Commission proposal amending parts of the Second Company Law Directive covering the formation, maintenance and alteration of capital.