Board resolution
This query is : Resolved
Abhijit Rane
(Querist)
08 September 2012
Dear All.
Draft of resolution for contribution to political parties.
Regards,
ABhijit
Draft of resolution for contribution to political parties.
Regards,
ABhijit
Ajay Mishra
(Expert)
08 September 2012
Hi
CONTRIBUTION TO POLITICAL PARTY: BOARD RESOLUTION:
RESOLVED that pursuant to the provisions of Section 293A of the Companies Act, 1956, the approval of the Board of Directors be and is hereby given to the Company for contribution to Shiv Sena amount not exceeding five per cent of the average net profits as determined in accordance with the provisions of sections 349 and 350 of the Companies Act, 1956 during the three immediately preceding financial years"
CONTRIBUTION TO POLITICAL PARTY: BOARD RESOLUTION:
RESOLVED that pursuant to the provisions of Section 293A of the Companies Act, 1956, the approval of the Board of Directors be and is hereby given to the Company for contribution to Shiv Sena amount not exceeding five per cent of the average net profits as determined in accordance with the provisions of sections 349 and 350 of the Companies Act, 1956 during the three immediately preceding financial years"
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