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[Cites 0, Cited by 0] [Section 293B] [Entire Act]

Union of India - Subsection

Section 293B(1) in The Companies Act, 1956

(1)The Board of Directors of any company or any person or authority exercising the powers of the Board of Directors of a company or of the company in general meeting, may, notwithstanding anything contained in sections 293 and 293-A or any other provision of this Act or in the memorandum, articles or any other instrument relating to the company, contribute such amount as it thinks fit to the National Defence Fund or any other Fund approved by the Central Government for the purpose of national defence.