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TypeBare Act JurisdictionCentral Government

Companies Act, 1956 Section 581ZH

Donations or Subscription Byproducer Company

~1 min read
https://sooperkanoon.com/act/11631

Bare act section · Research

About this section

Companies Act, 1956 Section 581ZH is part of Companies Act, 1956 - Donations or Subscription Byproducer Company. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) A Producer Company may, by special resolution, make donation or subscription to any institution or individual for the purposes of

(a) promoting the social and economic welfare of Producer Members or producers or general public; or

(b) promoting the mutual assistance principles:

Provided that the aggregate amount of all such donation and subscription in any financial year shall not exceed three per cent. of the net profit of the Producer Company in the financial year immediately preceding the financial year in which the donation or subscription was made:

Provided further that no Producer Company shall make directly or indirectly to any political party or for any political purpose to any person any contribution or subscription or make available any facilities including personnel or material.

Frequently asked questions

What does Companies Act, 1956 Section 581ZH provide?

Section Section 581ZH of the Companies Act, 1956 (Donations or Subscription Byproducer Company) is reproduced on this page as part of the Companies Act, 1956. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Companies Act, 1956 Section 581ZH?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies Act, 1956 Section 581ZH. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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