Companies Act, 2017
Companies Act, 2017 — section 185
185. Prohibition regarding distribution of gifts..—(1) Notwithstanding anything contained in this Act, a company shall not distribute gifts in any form to its members in its meeting.
(2)Any contravention or default in complying with requirement of this section shall be an offence liable to a penalty of level 1 on the standard scale. CHIEF EXECUTIVE
This is the text of the provision as enacted. It is legal information, not legal advice, and it cannot account for the facts of your own matter. For advice on your situation, consult a verified advocate.