A corporation shall not apply its assets, income or profits, if any, to any purpose other than for the furtherance of its objects.
Section 90: Application of assets in furtherance of objects
The Maharashtra Non-trading Corporations ActState Act of Maharashtra · Act 26 of 1959
Where this provision sits
| Act | The Maharashtra Non-trading Corporations Act |
|---|---|
| Section | 90 |
| Marginal note | Application of assets in furtherance of objects |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
Find the provision, not just read it
The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:
- Search 49,000+ Central and State enactments by what a provision says, not by its number
- Jump from any section to every judgment that has applied it
- Search 300 million+ Indian court records alongside the statute
- Ask a research agent to find and read the case law on a provision for you
Free account. No card. About a minute to create.
Create a free accountNeed this as data, not as a page? The Maharashtra Non-trading Corporations Act is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.