Effect of alteration of memorandum or articles of company by order under section 397 or 398.

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..... 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 (1), the alterations made by the .....

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..... 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 by the Companies (Amendment) Act, 1988, w.e.f. 31-5-1991. [3] Substit .....

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