Comments on: Political Contribution by Corporations – A Comparative Study (Part II) http://www.criticaltwenties.in/lawthejudiciary/political-contribution-by-corporations-a-comparative-study-part-ii Powered by Webshore Sun, 18 Aug 2013 03:45:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: pavan kumjar sai ni http://www.criticaltwenties.in/lawthejudiciary/political-contribution-by-corporations-a-comparative-study-part-ii#comment-9119 pavan kumjar sai ni Fri, 29 Jul 2011 22:42:39 +0000 http://www.criticaltwenties.in/?p=668#comment-9119 http://prasoonsmajumdar.blogspot.com/2011/07/business-of-donations.html In most of the cases, there are mutual understandings between parties to allow the corporate to convert their black money into party contributions. Such arrangement also gives a leeway to hawala, untraceable and undeclared money transfer. There are no laws in place that ask parties to file disclosures about the usage of money or rather there is no third-party independent audit about the deployment of such donations. Moreover, PAN Number filing for lower denomination is not even mandatory. And in case the PAN Number is filed, there are no cross-checks to verify the credibility.The matter gets worse in case of cash donations. The recent garland (worth a few hundred crores) gifted to Mayawati, is a case in point. http://prasoonsmajumdar.blogspot.com/2011/07/business-of-donations.html

In most of the cases, there are mutual understandings between parties to allow the corporate to convert their black money into party contributions. Such arrangement also gives a leeway to hawala, untraceable and undeclared money transfer. There are no laws in place that ask parties to file disclosures about the usage of money or rather there is no third-party independent audit about the deployment of such donations. Moreover, PAN Number filing for lower denomination is not even mandatory. And in case the PAN Number is filed, there are no cross-checks to verify the credibility.The matter gets worse in case of cash donations. The recent garland (worth a few hundred crores) gifted to Mayawati, is a case in point.

]]> By: 17. Investment Banking and Secondary Markets | GrantGift.com | US Government Grants for Free! http://www.criticaltwenties.in/lawthejudiciary/political-contribution-by-corporations-a-comparative-study-part-ii#comment-171 17. Investment Banking and Secondary Markets | GrantGift.com | US Government Grants for Free! Tue, 07 Sep 2010 10:45:02 +0000 http://www.criticaltwenties.in/?p=668#comment-171 [...] Political Contribution by Corporations – A Comparative Study (Part … [...] [...] Political Contribution by Corporations – A Comparative Study (Part … [...]

]]> By: Shantanu http://www.criticaltwenties.in/lawthejudiciary/political-contribution-by-corporations-a-comparative-study-part-ii#comment-130 Shantanu Fri, 03 Sep 2010 05:37:09 +0000 http://www.criticaltwenties.in/?p=668#comment-130 It is interesting to note that the Parliamentary Sub-Committee, as a part of its review of the Company Bill, 2009, has recommended that the cap on the amount companies may donate to political parties (which is regulated by section 293A of the Companies Act, 1956), should be increased from 5% to 7.5% of the average net profits in three immediate past financial years. A more detailed report is available here- http://www.taxguru.in/government-policy/panel-recommends-allow-companies-to-donate-more-to-political-parties.html It is interesting to note that the Parliamentary Sub-Committee, as a part of its review of the Company Bill, 2009, has recommended that the cap on the amount companies may donate to political parties (which is regulated by section 293A of the Companies Act, 1956), should be increased from 5% to 7.5% of the average net profits in three immediate past financial years.

A more detailed report is available here- http://www.taxguru.in/government-policy/panel-recommends-allow-companies-to-donate-more-to-political-parties.html

]]> By: A comparative study of volleyball skill development between coeducational and sex segregated physical education classes : Team Sport Guide http://www.criticaltwenties.in/lawthejudiciary/political-contribution-by-corporations-a-comparative-study-part-ii#comment-128 A comparative study of volleyball skill development between coeducational and sex segregated physical education classes : Team Sport Guide Thu, 02 Sep 2010 17:09:34 +0000 http://www.criticaltwenties.in/?p=668#comment-128 [...] Political Contribution by Corporations – A Comparative Study (Part II) | Critical Twenties [...] [...] Political Contribution by Corporations – A Comparative Study (Part II) | Critical Twenties [...]

]]> By: Political Contribution by Corporations – A Comparative Study (Part … http://www.criticaltwenties.in/lawthejudiciary/political-contribution-by-corporations-a-comparative-study-part-ii#comment-124 Political Contribution by Corporations – A Comparative Study (Part … Thu, 02 Sep 2010 10:41:07 +0000 http://www.criticaltwenties.in/?p=668#comment-124 [...] here to see the original: Political Contribution by Corporations – A Comparative Study (Part … Post a [...] [...] here to see the original: Political Contribution by Corporations – A Comparative Study (Part … Post a [...]

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