donation
haren shah (39 Points)
22 August 2018
can a private limited company give (Charity) donation? Not political donation.
1 Replies
Himanshu
(student)
(50 Points)
Replied 22 August 2018
Yes pvt company can make donation. But if contribution is more than 5% of avg. Net profit for 3 immediately preceding financial years then prior permission in general meeting is required
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