Stock Split (Sub-division)

All companies. Sub-division of shares reduces the face value of existing shares, increasing the number of shares proportionately. Ordinary Resolution by shareholders is required.

Raising or restructuring capital changes the shape of your company. Section 61(1)(d) is the line every share movement has to respect. Concretely: sub-division into smaller-denomination shares must preserve the same proportion between paid-up and unpaid amounts as existed in the original share. No templates, no guesswork — Fi CTC Generator drafts this correctly in about 3 minutes.