Patna HC: Disciplinary Authority Cannot Impose Major and Minor Penalties in a Single Order  ||  Calcutta HC: Landlord Decides His Residential Needs; Courts Cannot Set Living Standards in Eviction  ||  Orissa HC: Second Marriage During Subsistence of First Remains Invalid Even After First Wife's Death  ||  Karnataka HC: Appeals Against Acquittal in Bailable Offences Lie Only Before High Court  ||  Supreme Court: Stamp Duty on an Agreement to Sell is Leviable Only if Possession is Transferred  ||  SC: Motive Becomes Irrelevant When Direct Evidence Such as a Dying Declaration is Available  ||  Supreme Court Issues Directions to CoC in Builder Insolvency Cases To Protect Homebuyers’ Interests  ||  MP High Court: Women Retain Reservation Benefits After Marriage if Caste is Recognized in Both States  ||  Allahabad HC: Police Must Prosecute Informants of False Firs, and IOs May Face Contempt if They Fail  ||  MP HP: Over-Age Candidate Cannot Claim Age Relaxation Due to Delay in Earlier Recruitment    

Supreme Court directs political parties to furnish donations details received through electoral bonds - (12 Apr 2019)

Election

In a verdict on the legality of the electoral bonds scheme, Supreme Court has declined to stay Electoral Bond Scheme ahead of 2019 general elections. Supreme Court observed that, issue of Electoral Bonds (EB) is a weighty one which is significantly apposite to sanctity of election process. Interim direction are issued to political parties to submit details of donations received through electoral bonds in sealed cover to Election Commission of India.

Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. A person being an individual can buy Electoral Bonds, either singly or jointly with other individuals. As per the Notification, only the Political Parties registered under Section 29A of the Representation of the People Act, 1951 and which secured not less than one per cent of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the State, shall be eligible to receive the Electoral Bonds. The Electoral Bonds shall be encashed by an eligible Political Party only through a Bank account with the Authorized Bank. The Electoral Bond deposited by an eligible Political Party in its account shall be credited on the same day.

Detailed particulars of the donors as against the each Bond; the amount of each such bond and the full particulars of the credit received against each bond are required to be furnished. The details of such other bonds that may be received by such a political party upto the date fixed for issuing such bonds will be submitted on or before 30th May, 2019.

Tags : ELECTORAL BONDS   DETAILS   SUBMISSION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved