Shares are the units into which the ownership interest in a profit company is divided.  The share capital of a company is made up of the funds contributed by shareholders to the company in exchange for their shares in the company.

The new Companies Act, 2008 has changed the basis on which companies are capitalised.  Shares issued in terms of the 2008 Act have no nominal or par value.  The board must determine the price or other adequate considerations at which shares may be issued.

After the implementation date of the Companies Act, a pre-existing company may not authorise any new par value shares, authorise any shares having a nominal value, or do any subdivision thereof.

As the share capital is clearly contained within the first page of the CoR15.1A and B, any decrease or increase of such amount requires that a CoR15.2 must be filed.

The board of directors may, according to section 16 read with section 36(3) of the Companies Act, 2008:

  • increase or decrease the number of authoirsed shares of any class of shares,
  • reclassify any classified shares that have been authorised but are not issued,
  • classify any unclassified shares that have been authorised but are not issued, or
  • determine the preferences, rights, limitations or other terms of shares in a class without the approval of the shareholders.

Steps to increase or decrease share capital

Register as a Customer

To view information on how to register as a customer, click here.  If you are already registered as a customer, and know your customer code and password, proceed to step 2.

Deposit funds

Deposit R250 into the CIPC bank account.  For the bank account details, click here.  Use your customer code as reference when depositing money into the CIPC bank account.

Increase or decrease share capital

icons-print.pngPrint and complete form CoR15.2.

icons-upload.pngScan and e-mail the completed and signed documents together with supporting information to moiamendments@cipc.co.za

  • icons-doc.pngThe following supporting documents must be included in your e-mail:
    • certified copy of the written resolution or minutes of the meeting at which the decision to amend was taken
    • Certified copy of ID of signatory (active director/company secretary or representative)
    • Power of attorney – if representative
    • Certified copy of ID of applicant

Steps to convert par value shares to no par value shares

Register as a Customer

To view information on how to register as a customer, click here.  If you are already registered as a customer, and know your customer code and password, proceed to step 2.

Deposit funds

Deposit R250 into the CIPC bank account.  For the bank account details, click here.

Conversion of par value shares to no par value shares

icons-print.pngPrint and complete form CoR15.2 and CoR31.

icons-upload.pngScan and e-mail the completed and signed documents together with supporting information to moiamendments@cipc.co.za

  • icons-doc.pngThe following supporting documents must be included in your e-mail:
    • Original or certified copy of the written board resolution or minutes of the meeting at which the decision to convert was taken
    • Originally certified ID copy of signatory
    • Power of attorney – if representative
    • Originally certified ID copy of applicant
    • Board report in terms of Reg 31(7)

Service turnaround time:  25 working days from date of tracking.

Click here to lodge an enquiry.

Important:  Queries relating to  transactions already lodged should only be submitted once the Service Turnaround Time has lapsed.

You can track the progress of your document by clicking on "Track my transactions" on the home page.  Click on  “Additional Services”, select “Customers” and then select “Document Status”. To check the tracking number, go to “Customer Transactions” under “Customers”.