Question
Power of limited company to alter its share capital are given in the Section 61 of the Companies Act 2013, identify the correct provisions. 1. A limited company having a share capital may, if so authorised by its articles, alter its memorandum in its general meeting. 2. A limited company can't increase its authorised share capital. 3. A limited company can consolidate and divide all or any of its share capital into shares of a larger amount than its existing shares. 4. A limited company can convert all or any of its fully paid-up shares into stock, and reconvert that stock into fully paid-up shares of any denomination.
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