Alteration of Share Capital

Alteration of Share Capital

A change in the number of authorized shares a company may issue. Authorized shares are the total shares a company is permitted by its charter to issue, as opposed to the number it actually has issued. To alter share capital, a company must amend its charter and/or bylaws and register the change with the appropriate regulatory authority.
References in periodicals archive ?
The Company will not be making an application for a name change as a result of its proposed alteration of share capital.
The purpose of the alteration of share capital is to create more liquidity in the Company's equity market, and to provide an opportunity for a wider range of investors to participate in the Company.