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.
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The Company will not be making an application for a name change as a result of its proposed alteration of share capital.