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National News

Apr 12, 2019
8:57PM

SC asks political parties to provide information on electoral bonds

File Pic:PTI
The Supreme Court has directed all political parties to furnish receipts of electoral bonds and details of identity of donors in a sealed cover to the Election Commission.

In an interim order, the apex court also directed all political parties to provide details of the amount and bank accounts of donors by 30th May to the poll panel.

The order was pronounced today by a bench consisting of Chief Justice of India Ranjan Gogoi and Justices Deepak Gupta and Sanjiv Khanna.The order was passed on a plea of an NGO which challenged the validity of the scheme and sought that either the issuance of electoral bonds be stayed or names of donors be made public to ensure transparency in the poll process.

The Centre had notified the Electoral Bond Scheme 2018 in January last year. As per the provisions of the scheme, electoral bonds may be purchased by a person, who is a citizen of India or incorporated or established in India.

A person being an individual can buy electoral bonds, either singly or jointly with other individuals. Only political parties registered under Section 29A of the Representation of the People Act, 1951 and which secured not less than one per cent of votes polled in the last general election to the Lok Sabha or the Legislative Assembly of the State, shall be eligible to receive electoral bonds. Electoral bonds shall be encashed by an eligible political party only through a bank account with an authorized bank.

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