Can company give gift to board of directors.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2013
Can a private limited company give it's properties as gift to it's board of directors if the company is a closely held registered private limited company?
15 October 2013
Hi
No, the Companies Act, 1945 not permit to give any property by way of gift.
Read main object of the company.
No, the Companies Act, 1945 not permit to give any property by way of gift.
Read main object of the company.
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