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Home Acts & Rules Bill Bills FINANCE BILL, 2017 Chapters List Part IV AMENDMENTS TO THE REPRESENTATION OF THE PEOPLE ACT, 1951 This
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Clause 135 - Commencement of this Part. - FINANCE BILL, 2017

FINANCE BILL, 2017
Part IV
AMENDMENTS TO THE REPRESENTATION OF THE PEOPLE ACT, 1951
  • Contents

PART IV

AMENDMENTS TO THE REPRESENTATION OF THE PEOPLE ACT, 1951

Commencement of this Part.

135.The provisions of this Part shall come into force on the 1st day of April, 2017.

 



 

Notes on Clauses:

Clauses 135 and 136 of the Bill seek to amend section 29C of the Representation of the People Act, 1951 relating to declaration of donation received by the political parties.

Sub-section (3) of section 29C of the Representation of the People Act, 1951, inter alia, provides that every political party shall furnish a report to the Election Commission with regard to the details of contributions received by it in excess of twenty thousand rupees from any person in order to avail the income-tax relief as per the provisions of Income-tax Act,1961.

It is proposed to provide that the contributions received by way of "electoral bond" shall be excluded from the scope of sub-section (3) of section 29C of the said Act. It is also proposed to define the term "electoral bond" which is consequential in nature.

This amendment will take effect from 1st April, 2017.

 
 
 
 
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