if the donation will affect the operation of the company or it will prejudice creditors or deplete capital, then it is not allowed. any donation must have the approval of the board.
Kuwang ning ahong gisulti dire. Ang sitwasyon, for the year may net income ang donor company. Magdonate sija sa donee company which is approved by the BOD of the donor. Ang prohibition man gud under the law is dili sija allowed to donate kung may capital deficiency. Kung negative gud ang retained earnings it is called deficit ra.
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