In relation to sec 181 and 182
aman jha (18 Points)
06 May 2020
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.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 06 May 2020
NO , not required as the contribution to Charitable Trust / Others shall be vest with the power of BoD via Board Resolution
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