(1) A limited company having a share capital may not alter its share capital except in the following ways.
(2) The company may—
(a) increase its share capital by allotting new shares in accordance with this Part, or
(b) reduce its share capital in accordance with Chapter 10.
(3) The company may—
(a) sub-divide or consolidate all or any of its share capital in accordance with section 618, or
(b) reconvert stock into shares in accordance with section 620.
(4) The company may redenominate all or any of its shares in accordance with section 622, and may reduce its share capital in accordance
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What is a third party debt order (TPDO)?Third party debt orders were previously known as 'garnishee' orders and operated under the regime provided for in CCR Ord 30 and RSC Ord 49 (now revoked). Although the rules in CPR 72 are new, many of the principles with which they are concerned are well
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