Companies Act, 2013
181.
Company
to contribute to bona fide and charitable funds, etc.
The
Board of Directors of a company may contribute to bona fide charitable
and other funds:
Provided
that prior permission of the company in general meeting shall be required for
such contribution in case any amount the aggregate of which, in any financial
year, exceed five per cent. of its average net profits for the three
immediately preceding financial years.