Memorandum of Association — SPCC STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceSPCCMemorandum of Association3 Marks
Question
How can change in the Capital Clause be done?
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Answer
The changes in the capital clause are as follows:
1. may increase authorized capital.
2. By consolidating a stock, it can be converted into large value stocks or split into small value stocks.
3. All the shares mentioned in the application form or some shares should be converted into small amount.
4. Shares which no one is willing to take should be canceled and the amount of share capital should be reduced by the same amount.
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