Alteration of memorandum or articles: inconsistent changes barred without Tribunal leave; order alterations carry statutory effect. When an order under the companies law alters a company's memorandum or articles, the company cannot make inconsistent alterations without the Tribunal's leave; alterations by the order have the same legal effect as if made under the Companies Act; a certified copy of the order must be filed with the Registrar within thirty days; default exposes the company and defaulting officers to a statutory penalty.
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 of memorandum or articles: inconsistent changes barred without Tribunal leave; order alterations carry statutory effect.
When an order under the companies law alters a company's memorandum or articles, the company cannot make inconsistent alterations without the Tribunal's leave; alterations by the order have the same legal effect as if made under the Companies Act; a certified copy of the order must be filed with the Registrar within thirty days; default exposes the company and defaulting officers to a statutory penalty.
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