Section 40

Question 1

Section 40

Answer 1

Section 40: Noting Alterations in Memorandum and Articles

After altering the memorandum or articles, companies must ensure that:

1. Every copy issued after the alteration date conforms to the updated version.

Non-compliance results in liability for:

1. The company
2. Defaulting officers

Penalty applies for each non-compliant copy issued.