Articles on: Shares

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.

Updated on: 21/01/2025

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