New company ?

1134 views 9 replies

Can newly(2009) establish company make contribution to political party the sum of

Rs. 300000 ?

Replies (9)

No newly company can not make political contribution. Read section 293A.

Dear Mr. Suresh



A company can not contribute to any political party or any person for political purpose directely or indirectly upto three financial year from the date of incorporation.



So your company is not eligible to contribute such ammount to polotical party.



Regards

no, a govenment company and a newly in corporated company (which has not completed 3 years of its working after incorporation) cannot make political contribution . in case a public company has completed three years of its working it can donate subject to a maximum of 5% of its average net profits of past 3 years. so in ur case it cannot donate to political party.

guys please correct me if i am wrong....

YA HARDIK IS ABSOLUTELY RGT.

Originally posted by : kuldeep sharma

no, a govenment company and a newly in corporated company (which has not completed 3 years of its working after incorporation) cannot make political contribution . in case a public company has completed three years of its working it can donate subject to a maximum of 5% of its average net profits of past 3 years. so in ur case it cannot donate to political party.

guys please correct me if i am wrong....

According to Sec 293A its not possible for companies to donate funds to political parties until it is in existence of 3 or more yrs

thanks 4 updates

Originally posted by : Ajay Mishra
Dear Mr. Suresh





A company can not contribute to any political party or any person for political purpose directely or indirectly upto three financial year from the date of incorporation.




So your company is not eligible to contribute such ammount to polotical party.





Regards

 Thanks

:)

Thanks a lot to all !

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
06 July 2026
C.A./CA Inter OR pursuing C.A./GST/Accounts/Audit/IT - Head

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details