New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under which section of the Companies Act the Board and

    other persons can make contributions to the National Defence Fund or any other fund as approved by Central Government for the purpose of National Defence.?
    A Section 123 Correct Answer Incorrect Answer
    B Section 183 Correct Answer Incorrect Answer
    C Section 143 Correct Answer Incorrect Answer
    D Section 333 Correct Answer Incorrect Answer

    Solution

    The Board or any person so authorized to act on behalf of Board & Company in General Meeting may contribute any amount to National Defence Fund or any other fund as approved by Central Government for the purpose of national defence.The Company shall disclose the total amount of contribution to such funds in its Profit and Loss account during the financial year to which the amount relates.

    Practice Next