Section - 40 - Companies Act, 1956

Section - 40 - Alteration of memorandum or articles, etc., to be noted in every copy

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

40. (1) Where an alteration is made in the memorandum or articles of a company,

[***] or any resolution, referred to in

, every copy of the memorandum, articles, agreement or resolution issued after the date of the alteration shall be in accordance with the alteration.

(2) If, at any time, the company issues any copies of the memorandum, articles, resolution or agreement, which are not in accordance with the alteration or alterations made therein before that time, the company, and every officer of the company who is in default, shall be punishable with fine which may extend to

[one hundred] rupees for each copy so issued.