Is it necessary to give copy of Memorandum, Articles etc to members Section 17 of Indian Companies Act 2013. Penalty in case of default.
Section 17 Copies of Memorandum, Articles etc to be given to Members - Indian Companies Act 2013
As per Section 17 of Indian Companies Act 2013 Copies of Memorandum, Articles etc is to be given to members within seven days of the request. Provisions in the Indian Companies Act 2013 regarding Copies of Memorandum, Articles etc to be given to members of Company is as under.
(1) A company
shall, on being so requested by a member, send to him within seven days of the
request and subject to the payment of such fees as may be prescribed, a copy of
each of the following documents, namely:
(2) If a company makes any default in complying with the provisions of this section, the company and every officer of the company who is in default shall be liable for each default, to a penalty of one thousand rupees for each day during which such default continues or one lakh rupees, whichever is less.