DEF Ltd. has made profit for last 3 consecutive financial years as under : Year | ₹ in Crore 2017-18 | 100 2016-17 | 150 2015-16 | 200. Considering the provisions of Companies Act 2013, state whether : DEF Ltd. can contr

According to Section 182 of the Companies Act, 2013 , a company, other than a government company and a company which has been in existence for less than three financial years, may contribute any amount directly to any political party, on obtaining approval from the Board of Directors in their meeting. Further, the contribution under this section shall not be made except by an account payee cheque drawn on a bank or an account payee bank draft or use of electronic clearing system through a bank account. Therefore, as per the above provision, DEF Limited cannot contribute ₹33.75 Crore directly to a political party through a bearer cheque.