Question

A company which has been in existence for __________________ cannot contribute any amount directly or indirectly to any political party

A Less than three financial years Correct Answer Incorrect Answer
B Less than three calendar years Correct Answer Incorrect Answer
C More than three financial years Correct Answer Incorrect Answer
D More than six financial years Correct Answer Incorrect Answer
E Less than six financial years Correct Answer Incorrect Answer

Solution

Section 182. Prohibitions and restrictions regarding political contributions- (1) Notwithstanding anything contained in any other provision of this Act, a company, other than a Government company and a company which has been in existence for less than three financial years, may contribute any amount directly or indirectly to any political party

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