Prohibitions and restrictions regarding political contributions.

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.... 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. (2) A company, not being a co....

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....to be a financial year within the meaning and for the purposes, of this sub-section. Provided further that no such contribution shall be made by a company unless a resolution authorising the making of such contribution is passed at a meeting of the Board of Directors and such resolution shall, subject to the other provisions of this section, be deemed to be justification in law for the making and....

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....ication in the nature of a souvenir, brochure, tract, pamphlet or the like) by or on behalf of a political party or for its advantage shall also be deemed,           (i) where such publication is by or on behalf of a political party, to be a contribution of such amount to such political party, and          ....

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....b) every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine.] [2][Explanation. For the purposes of this section, "political party" means a political party registered under section 29A of the Representation of the People Act, 1951 (43 of 1951).]     ---------------------------------....