Section 10 of the Companies Act, 2013: Effect of memorandum and articles

The Companies Act, 2013

Chapter-II Incorporation of Company and Matters Incidental Thereto

Section 10: Effect of memorandum and articles.

*10. (1) Subject to the provisions of this Act, the memorandum and articles shall, when registered, bind the company and the members thereof to the same extent as if they respectively had been signed by the company and by each member, and contained covenants on its and his part to observe all the provisions of the memorandum and of the articles.

(2) All monies payable by any member to the company under the memorandum or articles shall be a debt due from him to the company.


Reference

*Effective from 01.04.2014.

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