229. Effect of alteration of articles of company by order under section 224 or 225

Where an order under section 224 or section 225 makes any alteration in the articles of the company, then, notwithstanding anything to the contrary contained in 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 court, any alteration whatsoever in the articles which is inconsistent with the order.

Subject to the provisions of subsection (1), the alteration made by the order shall in all respects, have the same effect as if they had been duly made by the company in accordance with the provisions of this Act, and the said provisions shall apply accordingly to the articles so altered.

A certified copy of every order altering or giving leave to alter a company’s articles shall, within ten working days after the making of such order, be filed by the company with the Registrar who shall register the same.

Where default is made in complying with the provisions of subsection (3)—