New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    A company which has been in existence for

    __________________ cannot contribute any amount directly or indirectly to any political party
    A Less than three financial years Correct Answer Incorrect Answer
    B Less than three calendar years Correct Answer Incorrect Answer
    C More than three financial years Correct Answer Incorrect Answer
    D More than six financial years Correct Answer Incorrect Answer
    E Less than six financial years Correct Answer Incorrect Answer

    Solution

    Section 182. Prohibitions and restrictions regarding political contributions- (1) Notwithstanding anything contained in any other provision of this Act, a company, other than a Government company and a company which has been in existence for less than three financial years, may contribute any amount directly or indirectly to any political party

    Practice Next