Board contribution to National Defence Fund excluded from statutory contribution limit under corporate law provision. A company's board of directors may contribute to the National Defence Fund without that payment being counted toward the limit on board-authorized charitable or public contributions; the Department's view is that such contributions are excluded from calculation of the statutory cap specified for board-authorized donations under the relevant clause.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Board contribution to National Defence Fund excluded from statutory contribution limit under corporate law provision.
A company's board of directors may contribute to the National Defence Fund without that payment being counted toward the limit on board-authorized charitable or public contributions; the Department's view is that such contributions are excluded from calculation of the statutory cap specified for board-authorized donations under the relevant clause.
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