Political contribution
This query is : Resolved
Neha Kapoor
(Querist)
04 October 2012
Is it necessary for a public company to pass resolution before making contribution to a political party as per section 293A of The Companies Act, 1956?...
CS Ankur Srivastava
(Expert)
04 October 2012
No contribution to a political party shall be made by a company unless a resolution authorising making of such contribution is passed at a meeting of the Board of Directors and such resolution shall be deemed to be justification in law for the making and acceptance of the contribution authorised by it.
Therefore, for every political contribution Board Resolution is required to be passed.
Therefore, for every political contribution Board Resolution is required to be passed.
SANYAM ARORA
(Expert)
04 October 2012
Agreed with the reply
Neha Kapoor
(Querist)
05 October 2012
Thanks Sir....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
