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Companies (Charitable Gifts)

Volume 905: debated on Monday 16 February 1976

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asked the Secretary of State for Trade if, in the next revision of the Companies Acts, he will incorporate a provision that all companies shall be assumed to have power to make donations to charities unless such a power is expressly excluded.

I shall be examining the powers and responsibilities of companies as part of the general review of company law which is being undertaken by my Department, and I will consider the question of donations to charity in this context.