How to change authorised shares
Estimated reading time: 1 minute and 40 seconds
Either the directors or shareholders of a company may increase or decrease the number of authorised shares for a particular share class by amending the Memorandum of Incorporation (“MOI”) and filing a COR15.2 with the CIPC.
Step 1: Log in with your CIPC customer code and password.
Step 2: Go to new eServices by clicking Transact.
Step 3: Click Authorised Share Changes and fill in the registration number of the specific company you want to change the authorised shares and click Validate. The correct company is displayed under Enterprise Detail and the correct share details are displayed under Current Shares. If the company is correct, click Agree and Continue.
Step 4: To increase or decrease the authorised shares, click Edit Share next to the desired share class and from the dropdown, select Increase or Decrease.
Step 5: Enter the new number of shares and click Validate and confirm and click Update.
Step 6: Once the changes have been captured, click Continue. Select the director or company secretary for OTP validation and click Continue. Once the OTP has been entered, click Validate.
Step 7: Select a payment option and click Pay Now.
A confirmation will be sent to the email address linked to the customer profile.
Either the directors or shareholders of a company may increase or decrease the number of authorised shares for a particular share class by amending the Memorandum of Incorporation (“MOI”) and filing a COR15.2 with the CIPC.
Step 1: Log in with your CIPC customer code and password.
Step 2: Go to new eServices by clicking Transact.
Step 3: Click Authorised Share Changes and fill in the registration number of the specific company you want to change the authorised shares and click Validate. The correct company is displayed under Enterprise Detail and the correct share details are displayed under Current Shares. If the company is correct, click Agree and Continue.
Step 4: To increase or decrease the authorised shares, click Edit Share next to the desired share class and from the dropdown, select Increase or Decrease.
Step 5: Enter the new number of shares and click Validate and confirm and click Update.
Step 6: Once the changes have been captured, click Continue. Select the director or company secretary for OTP validation and click Continue. Once the OTP has been entered, click Validate.
Step 7: Select a payment option and click Pay Now.
A confirmation will be sent to the email address linked to the customer profile.
Updated on: 21/01/2025
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