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

Union of India - Subsection

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

(1)Notwithstanding anything contained in any other provision of this Act,-
(a)no Government company; and
(b)no other company which has been in existence for less than three financial years, shall contribute any amount or amounts, directly or indirectly,-
(i)to any political party; or
(ii)for any political purpose to any person.