Prohibitions and restrictions regarding political contributions

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.... three financial years, may contribute any amount directly or indirectly to any political party: 1[***] Provided 2[***] 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....

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....t, pamphlet or the like, 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 (ii) where such publication is not by or on behalf of, but for the advantage of a political party, to be a contribution for a political purpose. 4[(3) Every company shall disclose in its profit and loss account the t....

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....t shall be punishable with imprisonment for a term which may extend to six months and with fine which may extend to five times the amount so contributed. 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). ********** Notes:- 1. Omitted vide THE FINANCE ACT, 20....