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[Cites 0, Cited by 2] [Section 293A] [Entire Act]

Union of India - Subsection

Section 293A(5) in The Companies Act, 1956

(5)If a company makes any contribution in contravention of the provisions of this section,-
(a)the company shall be punishable with fine which may extend to three times the amount so contributed; and
(b)every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine.
[ Explanation .-For the purposes of this section, "political party" means a political party registered under section 29-A of the Representation of the People Act, 1951 (43 of 1951).]