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Section 15

Alteration of memorandum or articles to be noted in every copy

(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.

Alteration includes the making of additions, omissions and substitutions.

Articles means the articles of association of a company as originally framed or as altered from time to time or applied in pursuance of any previous company law or of this Act

Company means a company incorporated under this Act or under any previous company law