In accordance with the provisions of Section 61(1) (b) of the Companies Act, 2013 a limited company having a share capital may, if so authorized by its articles, alter its memorandum in its general meeting to consolidate and divide all or any of its share capital into shares of a larger amount than its existing shares.
Provided that no consolidation and division which results in changes in the voting percentage of shareholders shall take effect unless it is approved by the Tribunal on an application made to it. [Provision to Section 61(1)(b)]
The following procedure is to be followed for Consolidation and division of share capital From India, Delhi
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