Amended and updated notes on section 15 of Companies Act 2013. Detail discussion on provisions and rules related to alteration of memorandum or articles to be noted in every copy.
Chapter II (Sections 3–22) of the Companies Act, 2013 (CA 2013) deals with the provisions related to incorporation of company and matters incidental thereto. Section 15 of CA 2013 provides for alteration of memorandum or articles to be noted in every copy.
Recently, we have discussed in detail section 14 (Alteration of articles) of CA 2013. Today, we learn the provisions of section 15 of Companies Act 2013 read with the Companies (Incorporation) Rules, 2014.
Section 15 of the Companies Act, 2013 has been notified by the Ministry of Corporate Affairs (MCA) vide Notification No. S.O. 902(E) issued dated 27.03.2014. This notification was come into force from 1st April, 2014 i.e. the commencement date of section 15 is 1-4-2014.
| Name of Act | The Companies Act 2013 |
|---|---|
| Enacted by | Parliament of India |
| Administered by | Ministry of Corporate Affairs (MCA) |
| Number of Chapters | 29 |
| Number of Sections | 484 (470-43+57) |
| Number of Schedules | 7 |
| You are reading: | |
| Chapter No. | II |
| Chapter Name | Incorporation of Company and matters incidental thereto |
| Section No. | 15 |
| Section Name | Alteration of memorandum or articles to be noted in every copy |
| Monthly Updated Edition | Company Law PDF |
Section 15 of Companies Act 2013: Alteration of memorandum or articles to be noted in every copy
Section 15 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.
(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.