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of <h1>Companies Must Update Memorandum or Articles as per Section 40; Fines for Non-compliance Apply.</h1> Section 40 of the Companies Act, 1956 mandates that any alteration made to a company's memorandum or articles, or any resolution mentioned in section 192, must be reflected in every subsequent copy issued. If a company issues copies that do not incorporate these alterations, both the company and any responsible officers are subject to a fine of up to one hundred rupees per non-compliant copy. This provision ensures that all stakeholders have access to the most current and accurate company documents.
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