Applicable Act Companies Act, 2013 Applicable Section 61(1)(d) Procedure for sub-division/Stock Split 1. Check Articles of Association for authority to alter share capital 2. btain Investor’s consent before sub-division/split. 3. Board resolution to approve sub-division/split of share capital and to give necessary authorities in this regard and consider alteration of Memorandum of Association. 4. Pass Ordinary resolution for sub-division/split of share capital 5.