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# 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](https://eservices.cipc.co.za/Login.aspx) 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.