Section affecting Donation
This query is : Resolved
28 May 2009
Sir,
i m in audit of one listed pub. ltd. company. The co. has made donation app. exceeding 120000 in year to different clubs, societies etc.
what r the provision affecting this?
i m in audit of one listed pub. ltd. company. The co. has made donation app. exceeding 120000 in year to different clubs, societies etc.
what r the provision affecting this?
28 May 2009
One of the compliance you can audit from the provisions as per Sec 293 (1)(e) of the Companies Act for limits of such donations.
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