https://www.taxtmi.com/caselaws?id=97770 The High Court of Rajasthan confirmed the alteration of a company's memorandum of association to allow contributions to political parties under section 17 of the Companies Act. Despite opposition from the Registrar of Companies citing section 17(1)(a), the court decided not to impose conditions, emphasizing the lawful nature of political contributions and the shareholders' discretion in making such decisions. The court highlighted the potential discriminatory impact of imposing conditions on existing companies while new companies could make contributions without disclosure, ultimately supporting the company's special resolution without additional requirements. en-us Mon, 07 Nov 1960 00:00:00 +0530 Wed, 18 Jan 2012 10:32:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97770 The High Court of Rajasthan confirmed the alteration of a company's memorandum of association to allow contributions to political parties under section 17 of the Companies Act. Despite opposition from the Registrar of Companies citing section 17(1)(a), the court decided not to impose conditions, emphasizing the lawful nature of political contributions and the shareholders' discretion in making such decisions. The court highlighted the potential discriminatory impact of imposing conditions on existing companies while new companies could make contributions without disclosure, ultimately supporting the company's special resolution without additional requirements. Case-Laws Companies Law Mon, 07 Nov 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97770