Effect of alteration of memorandum or articles of company by order under section 397 or 398.
X X X X Extracts X X X X
X X X X Extracts X X X X
....or articles of a company, then, notwithstanding any other provision of this Act, the company shall not have power, except to the extent, if any, permitted in the order, to make without the leave of the ^[2][Tribunal] any alteration whatsoever which is inconsistent with the order, either in the memorandum or in the articles. (2) Subject to the provisions of sub-section (....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... ------------------------------------ Notes:- [1] Fees prescribed is Rs. 5000, w.e.f. 1-4-2000. On notification of the commencement of the amendment, power will be transferred to the National Company Law Tribunal. [2] Substituted for "Company Law Board" by the Companies (Second Amendment) Act, 2002, w.e.f. a date yet to be notified. Earlier the quoted words were substituted for "Court" b....
TaxTMI