Question
Legal Studies Question on Company Law
The following is not true about the Board of directors of a company :
A
Board may contribute to bona fide charitable and other funds
B
Board may contribute any amount for the political contributions
C
Board may contribute any amount for the national defence fund
D
None of the above
Answer
Board may contribute any amount for the political contributions
Explanation
Solution
The correct option is (B):Board may contribute any amount for the political contributions .