A Limited Company having a Share Capital may, if so authorised by its articles, alter its memorandum in its general meeting to-

      (a)     increase its authorised share capital by such amount as it thinks expedient;

      (b)     consolidate and divide all or any of its share capital into shares of a larger amount than its existing shares:

      (c)     convert all or any of its fully paid-up shares into stock, and reconvert that stock into fully paid-up shares of any denomination;

      (e)     cancel shares which, at the date of the passing of the resolution in that behalf, have not been taken or agreed to be taken by any person, and diminish the amount of its share capital by the amount of the shares so cancelled.

When a Company alters its share capital in any manner specified above, or on an order made by the Government under 62(6)(4) has the effect of increasing authorised capital of a Company; or a Company redeems any redeemable preference shares,the Company shall file a notice in E-Form SH-7 with the ROC within a period of 30 days of such alteration or increase or redemption, as the case may be, along with an altered MoA