ABC Ltd. was registered under the companies Act, 2013 in May, 2018. Can the company contribute to a recognized political party. Advise.

As per Section 182(1) of the Companies Act, 2013 notwithstanding anything contained in any other provisions of this Act, 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 or indirectly to any political party. As ABC Ltd. was registered in May, 2018, therefore it is in existence for less than 3 financial years and therefore the company is not eligible for making contribution to a recognised political party.