XYZ Ltd incorporated on 01.01.2005 and made a political contribution on 01.11.2007. Is it in tune with law. whether 01.01.2005 - 31.03.2005 will be taken as one financial year for the purpose of making any donation u/s 293A or three FINANCIAL years has not lapsed from its formation. Does 3 preceeding financial year means 36 months from the formation of the Co. Pls clarify.
Doubt in Co Law
Bala (Student) (498 Points)
03 November 2010
CAclubindia
