Commercial Companies Law

Commercial Companies Law — Article 136

Part Three · Joint Stock Company · Chapter Two · The Company’s Share Capital · Section Three · Change of Share Capital · First · Increase of Share Capital

The extraordinary general meeting may resolve to increase the authorized share capital of the company, or its issued share capital if it has no authorized share capital. The board of directors may resolve to increase the issued share capital if the company has an authorized share capital, provided that the increase shall be within the limits of the authorized share capital.

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