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15 Alteration of memorandum or articles to be noted in every copy.

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CHAPTER II

Section 15 of Companies Act 2013

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.

Short Notes:

  • This section  came into force from April 1, 2014.
  • It seeks to provide that every alteration made in the memorandum or articles of association of a company shall be noted in every copy of the memorandum and articles of association.

 

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