Section 185: Prohibition regarding distribution of gifts
The Companies Act, 2017 · Federal Acts · in_force
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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.
Effective date: 2017-05-30
Related sections
Section 184: Prohibition regarding making of political contributionsSection 186: Appointment of first chief executiveSection 183: Powers of boardSection 187: Appointment of subsequent chief executiveSection 182: Loans to directors: requirement of members’ approvalSection 188: Terms of appointment of chief executive
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