Section 46: The Company may by Ordinary Resolution-

(a) increase its share capital by such amount to be divided into shares of such denomination and carrying such preferred, deferred or other special rights (if any) as the resolution may prescribe; (b) consqlidate and divide all or any of its share capital into shares of larger amount than its existing shares; (c) convert all or any of its paid-up shares into stock and reconvert that stock into paid-up shares of any denomination; and may by Special Resolution- (d) sub-divide its existing shares, or any of them, into shares of smaller denomination than is fixed by the Memorandum of Association, provided, however, that in the sub-division the proportion between the amount paid and the amount, if any, unpaid on each reduced share shall be the same as it was in the case of the share from which the reduced share is derived; (e) cancel any shares which at the date of the passing of the resolution have not been taken or agreed to be taken by any person; (j) reduce its share capital, any capital redemption reserve fund and any share premium account in any manner and with and subject to any incident authorised and consent required by law.