366 Authorisation required for donations or expenditure
366 Authorisation required for donations or expenditure
Companies Act 2006 | Legislation

(1)     A company must not—

(a)     make a political donation to a political party or other political organisation, or to an independent election candidate, or

(b)     incur any political expenditure,

unless the donation or expenditure is authorised in accordance with the following provisions.

(2)     The donation or expenditure must be authorised—

(a)     in the case of a company that is not a subsidiary of another company, by a resolution of the members of the company;

(b)     in the case of a company that is a subsidiary of another company by—

(i)     a resolution of the members of the company, and

(ii)     a resolution of the members of any relevant holding company.