Section 181 of Companies Act, 2013 – Company to contribute to bona fide and charitable funds, etc

  • Updated Till : November 15, 2018

SECTION 181. COMPANY TO CONTRIBUTE TO BONA FIDE AND CHARITABLE FUNDS, ETC.

[Effective from 12th September, 2013]

The Board of Directors of a company may contribute to bona fide charitable and other funds:

Provided that prior permission of the company in general meeting shall be required for such contribution in case any amount the aggregate of which, in any financial year, exceed five per cent of its average net profits for the three immediately preceding financial years.

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