Section 15 of the Companies Act, 2013
Section 15 of the Companies Act, 2013 deals with the alteration of Memorandum or Articles of a company and the filing of such alteration with the Registrar.
Here is the key content of Section 15:
Section 15 – Alteration of Memorandum or Articles to be noted in every copy
Every alteration made in the memorandum or the articles of a company shall be noted in every copy of the memorandum or articles, as the case may be.
If a company makes any default in complying with the provisions of this section, the company shall be liable to a penalty of ₹1,000 for each copy of the memorandum or articles issued without such alteration.
Every officer of the company who is in default shall be liable to a penalty of ₹1,000 for each such default.
Purpose:
To ensure that all stakeholders (members, creditors, public, etc.) have access to updated and accurate versions of a company’s foundational documents.
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