Clarification with regard to applicability of section 182(3) of the Companies Act, 2013.

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..... ub:- Clarification with regard to applicability of section 182(3) of the Companies Act, 2013. Sir, Ministry has received representations seeking clarification on disclosures to be made under section 182 of the companies Act, 2013. The same have been examined. with the coming into force of the scheme relating to 'Electoral Trust companies' in terms of section (24AA) of the Income Tax Act, 1961 re .....

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..... 192(3) of the companies Act, 2013. (iii) Electoral Trust companies will be required to disclose all amounts received by them from other companies/sources in their Books of Accounts and also disclose the amount or amounts contributed by them to a political party or parties as required by section 182(3) of companies Act, 2013. This issues with the approval of competent authority. Yours Faithfully .....

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