Alteration compliance: companies must issue amended memorandum or articles; non compliance attracts per copy fines and officer liability. Every copy of a company's memorandum, articles, agreement or specified resolution issued after an alteration must conform to that alteration; if the company issues copies not in accordance with the alteration, the company and every officer in default are liable to a monetary penalty for each non compliant copy issued.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Alteration compliance: companies must issue amended memorandum or articles; non compliance attracts per copy fines and officer liability.
Every copy of a company's memorandum, articles, agreement or specified resolution issued after an alteration must conform to that alteration; if the company issues copies not in accordance with the alteration, the company and every officer in default are liable to a monetary penalty for each non compliant copy issued.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.