Section 182 of CA 2013 : Section 182: Prohibitions And Restrictions Regarding Political Contributions
CA 2013
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Explanation using Example
Imagine a scenario where XYZ Pvt. Ltd., a company that has been in business for over three years, decides to support a political party during an election campaign. To do this legally, they first convene a Board of Directors meeting where a resolution is passed authorizing a contribution of $50,000 to the political party. This is done in compliance with Section 182(1) of the Companies Act, 2013.
Additionally, XYZ Pvt. Ltd. places an advertisement in a maga...
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