Application is not properly updated. Which provides that a company that is not a Government company and
which is in existence for at least last three financial years may contribute any amount
directly or indirectly to any political party registered under the representation of Peoples
Act, 1951. The section was commenced w.e.f. which provides that a company that is not a Government company and
which is in existence for at least last three financial years may contribute any amount
directly or indirectly to any political party registered under the representation of Peoples
Act, 1951. The section was commenced w.e.f. 12.09.2013. Section 154 of the Finance Act,
2017 amends section 182 of the Companies Act, 2013. As per the amendment, the limit on
the maximum amount that can be contributed by a company to a political party has been
removed.. Section 154 of the Finance Act, 2017 amends section 182 of the Companies Act, 2013. As per the amendment, the limit on
the maximum amount that can be contributed by a company to a political party has been
removed.
CAclubindia
