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The Companies Act, 2013

Chapter II - Incorporation of Company and Matters Incidental Thereto (3-22)

Section 15- Alteration of memorandum and articles to be noted in every copy

[Notification Date: 26.03.2014; Effective from: 01.04.2014] 

Section 15- Alteration of memorandum and articles to be noted in every copy [Corresponds to Section 40 of the Companies Act,1956]

 (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.