(1) Notwithstanding anything contained in any other provision of this Act, a company, other than a Government company and a company which has been in existence for less than three financial years, may contribute any amount directly or indirectly to any political party:<\/p>\n\n\n\n
<\/span>1<\/sup><\/a><\/span>*\u00a0*\u00a0*\u00a0*\u00a0*<\/p>\n\n\n\n Provided\u00a0<\/span>2<\/sup><\/a><\/span>*** 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\u00a0<\/span>3<\/sup><\/a><\/span>*** of the contribution authorised by it.<\/p>\n\n\n\n (2) Without prejudice to the generality of the provisions of sub-section (1),–<\/p>\n\n\n\n (a) a donation or subscription or payment caused to be given by a company on its behalf or on its account to a person who, to its knowledge, is carrying on any activity which, at the time at which such donation or subscription or payment was given or made, can reasonably be regarded as likely to affect public support for a political party shall also be deemed to be contribution of the amount of such donation, subscription or payment to such person for a political purpose;<\/p>\n\n\n\n (b) the amount of expenditure incurred, directly or indirectly, by a company on an advertisement in any publication, being a publication in the nature of a souvenir, brochure, tract, pamphlet or the like, shall also be deemed,–<\/p>\n\n\n\n (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<\/p>\n\n\n\n (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.<\/p>\n\n\n\n
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