Companies Act, 1956

Section - 293A - Prohibitions and restrictions regarding political contributions

[Political contributions

Prohibitions and restrictions regarding political contributions.

293A. (1) Notwithstanding anything contained in any other provision of this Act,—

         (a)  no Government company; and

         (b)  no other company which has been in existence for less than three financial years,

shall contribute any amount or amounts, directly or indirectly,—

(i) to any political party; or

(ii) for any political purpose to any person.

(2) A company, not being a company referred to in clause (a) or clause (b) of sub-section (1), may contribute an .... To read the full section download the app from Google Play store