Alteration of memorandum or articles to be noted in every copy
📚 Law Minded summary
A housekeeping rule with a real point behind it. Every alteration made to the memorandum or articles must be written into every copy the company hands out.
The idea is that nobody should be given an out-of-date rulebook and left to act on it. Ignore this and there is a penalty of a thousand rupees for each copy issued without the change.
(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.
All sections in Chapter II — Incorporation of Company and Matters Incidental Thereto