(1) The general meeting may resolve to increase the capital stock by converting the capital reserve and retained earnings to capital stock.
(2) Section 182 (1) and section 184 (1) apply accordingly to the resolution and to the application for registration of same. Companies with no-par-value shares may increase their capital stock also without issuing new shares of stock; the resolution adopted on the capital increase must state the nature of the increase.
(3) The resolution is to be based on a balance sheet.