Companies Act, 2017 — section 184

184. Prohibition regarding making of political contributions..—(1) Notwithstanding anything contained in this Act, a company shall not contribute any amount or allow utilization of its assets

(a)to any political party; or

(b)for any political purpose to any individual or body.

(2)If a company contravenes the provisions of sub-section (1), then

(a)the company shall be liable to a penalty of level 2 on the standard scale; and

(b)every director and officer of the company who is in default shall be punishable with imprisonment of either description for a term which may extend to two years and shall also be liable to a fine of one million rupees.