Company Law Section 181-Company To Contribute To Bona Fide And Charitable Funds, Etc
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 suchmcontribution in case any amount the aggregate of which, in any financial year, exceed five per cent. of its maverage net profits for the three immediately preceding financial years.
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