Receive Daily Updates by Email (Free Subscription)

Section 181 of the Companies Act 2013: Company to Contribute to bona fide and Charitable Funds, etc

SECTION-181 (Company to contribute to bona fide and charitable funds, etc) under CHAPTER-XII (Meeting of Board and its Powers) of the Companies Act, 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.






Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013) - link


(2) Section 181 of the Companies Act 2013 was notified by MCA Notification S.O. 2754(E) dated 12th September 2013 (w.e.f. 12th September 2013) - link

(3) Further, refer the Companies (Meeting of Board and its PowersRules, 2014 (w.e.f. 1st April, 2014) - link
[Also check amendments, if any, to the Companies (Meeting of Board and its Powers) Rules, 2014]







This page was last updated on 31st March, 2017.

No comments:

Post a Comment

Share your valuable opinion or your query here.