Section 15 of Companies Act, 2013 – Alteration of Memorandum or Articles to be noted In Every Copy

SECTION 15. ALTERATION OF MEMORANDUM OR ARTICLES TO BE NOTED IN EVERY COPY

[Effective from 1st April, 2014]

(1) Every alteration made in the memorandum or articles of a company shall be noted in every copy of the memorandum or articles, as the case may be.

(2) If a company makes any default in complying with the provisions of sub-section (1), the company and every officer who is in default shall be liable to a penalty of one thousand rupees for every copy of the memorandum or articles issued without such alteration.