Alteration of Memorandum and Articles to be noted in every copy. Section 15 of Indian Companies Act 2013.

Section 15 Alteration of memorandum and Articles to be noted in every copy- Indian Companies Act 2013

As per Section 15 of Indian Companies Act 2013 the alteration made in the Memorandum and Articles of the company must be noted in every page. Provisions in the Indian Companies Act 2013 regarding noting of Alteration of Articles and memorandum of a company is as under.


 

(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.

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