Section 181: Company to contribute to bona fide and charitable funds, etc.

The Companies Act, 2013Central Act · Act 18 of 2013

The Board of Directors of a company may contribute to bona fide charitable and other funds:

Provided that prior permission of the company in general meeting shall be required for such contribution in case any amount the aggregate of which, in any financial year, exceed five per cent. of its average net profits for the three immediately preceding financial years.

Where this provision sits

Act	The Companies Act, 2013
Section	181
Marginal note	Company to contribute to bona fide and charitable funds, etc.
Jurisdiction	Central
Status	In force as published by the source

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