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In relation to sec 181 and 182

aman jha (18 Points)

06 May 2020

if I have to make contribution to charity as per sec 181 or as per sec 182 I am making contribution to political party, whether it is necessary that I should have such thing in my object clause of MOA

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Harish choursiya (Student cs professional ) (249 Points)
Replied 06 May 2020

As such there is no condition of having clause for donation or charity either u/s 181 or 182 of the Companies Act, 2013.

However some company may adopt modal article for making law more stringent to itself so it is OK

Conclusion - no requirement of object clause under MOA of the Company rather in MOA the active or ordinary course of business for which company is incorporated has been described.