Restrictions on Whether compliance of clause (e) of sub section (1) obligatory where contributions are in the form of shares

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Full Text of the Document

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.... in the form of shares The provisions of section 293(1) require the board of directors of a public company, or of a private company which is subsidiary of a public company, to obtain the consent of the company in general meeting, in case the amount of contribution made by the company to any charitable and other funds in any financial year exceeds the ceiling prescribed in clause (e). In this conn....