ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which companies cannot make political contributions and

    under section 182 of the Companies Act?
    A A Government Company Correct Answer Incorrect Answer
    B Any company which has been in existence for less than 3 financial years Correct Answer Incorrect Answer
    C One Person Company Correct Answer Incorrect Answer
    D Both (a) and (b) Correct Answer Incorrect Answer

    Solution

    Any company can make contribution to any political party, provided a resolution for making such contributions is passed at a meeting of Board of Directors.┬а Companies that cannot make political contributions are the Government Companies and any company which has been in existence for less than 3 financial years.

    Practice Next
    More Other Laws and Acts Questions

    Relevant for Exams:

    ask-question