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Section affecting Donation

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(Querist)
28 May 2009 Sir,
i m in audit of one listed pub. ltd. company. The co. has made donation app. exceeding 120000 in year to different clubs, societies etc.
what r the provision affecting this?
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Jagruti (CS)

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Jagruti (CS) (Expert)
28 May 2009 One of the compliance you can audit from the provisions as per Sec 293 (1)(e) of the Companies Act for limits of such donations.

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