What does alteration of share capital mean?

alteration of share capital meaning in Law Dictionary

n increase or decrease in share worth permitted because of the organization. The change must pass the conference and a notice should be recorded with the appropriate authorities.

alteration of share capital meaning in Business Dictionary

Boost or decrease in (or rearrangement of) the authorized share capital of a strong, as allowed with its articles of connection. Any such modification needs (1) passing of a resolution towards result in the firm's basic meeting, and (2) filing associated with the notice of alteration utilizing the appropriate government office particularly (when you look at the UK) the Registrar Of Companies.