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.  Companies that cannot make political contributions are the Government Companies and any company which has been in existence for less than 3 financial years.

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