Would your answer be different, if DEF Ltd. is a "Government Company" and donation is given by an "account payee cheque"?
CS Executive · Company Law · PYQS · June 2019
Would your answer be different, if DEF Ltd. is a "Government Company" and donation is given by an "account payee cheque"?
Answer & Explanation:
According to Section 182 of the Companies Act, 2013 , Government Companies are not allowed to make contribution to the political party. Considering DEF Limited as a Government Company, it cannot make any contribution to a political party even by way of an account payee cheque.
Topics: Political Contributions
Related Questions in this Topic
- Kuku, CFO of a company intends to make contribution to a political party as per details shown below: Name of the pol...
- Kuku, CFO of a company intends to make contribution to a political party as per details shown below: Name of the pol...
- What is the limit on the maximum amount that can be contributed by a company to a political party?
- DEF Ltd. has made profit for last 3 consecutive financial years as under : Year | ₹ in Crore 2017-18 | 100 2016-17 | 150...
- In the light of provisions of relevant Secretarial Standard state if the minute book can be in the custody of a senior o...