Donation given to trust by Company

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15 Points Posted on 04 March 2020
sir please let me know the consequences in case private limited company donate 50lakh to a trust having same trustee which are also director in Pvt. ltd.company
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On 04 March 2020 at 11:13 Report
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This discussion addresses the legal implications when a private limited company makes a significant donation to a trust where the trustees are also directors of the company. It highlights the need to comply with the Companies Act, particularly regarding related party transactions and potential implications under Section 2(22)(e). Consultation with a statutory auditor is recommended for confirmation.

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17269 Points Posted on 04 March 2020
Donation related matters are contained in Companies Act. They should be complied with.

Related transactions provisions are also to be complied with.

May consult directly and confirm with Company statutory Auditor.
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On 04 March 2020 at 14:26
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12244 Points Posted on 04 March 2020
Please refer section 2(22)(e) and its applicability
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On 04 March 2020 at 18:16
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15 Points Posted on 09 March 2020
Ok thanks
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On 09 March 2020 at 10:34

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