27.
| (1) Where an alteration is made in the memorandum of a company, every copy of the memorandum issued after the date of the alteration shall be in accordance with the alteration. |
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| (2) Where after the date of any such alteration, the company issues any copy of the memorandum which is not in accordance with the alteration, the company and every officer of the company who is in default shall be guilty of an offence and shall be liable to a fine not exceeding two hundred and fifty rupees for each copy so issued, and every officer of the company who is in default shall be guilty of an offence and shall be liable to a like penalty. |
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Sri Lanka Consolidated Acts