Commentary Part 17: a Company’s Share Capital Chapter 8: Alteration of Share Capital Section 617: Alteration of share capital of limited company
886.This section prohibits a limited company from altering its share capital except in the ways permitted under the Act. It includes a signpost to a new provision which will enable companies limited by shares easily to convert (or “redenominate”) their share capital from one currency to another (see section 622).