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TMI BlogStandardizing the process of filing application for approval of an Electoral Trust-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Act is to be made in duplicate in Form A. In order to avoid procedural delay in processing these applications, the applicants are advised to file alongwith the application in Form A, on or before the prescribed date, the duly filled in and signed check-list accompanied with documents required therein, before the Commissioner of Income Tax/Director of Income Tax under whose jurisdiction their cases fall. The applicant shall also enclose a copy the said check-list while sending the copy of their application to Member(IT), CBDT in terms of clause 5(1)(b) of Electoral Trust Scheme, 2013. 3. The format of the check-list shall be us under CHECKLIST FOR ELECTORAL TRUST (ET) 1 Name 2 Address 3 PAN (Has copy of PAN card being enclosed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the purposes of section 25 of the Companies Act, 1956 (1 of 1956); (b) a certified copy of the memorandum and articles of association; (c) complete name, permanent account number and address of the electoral trust and its members (including members of its Executive Committee, Governing Committee or Board of Directors); (d) initial share capital of the company and its source; (e) details of beneficiaries, if available; (f) an undertaking in the form of an affidavit stating that the receipts shall be distributed only to the political parties registered under section 29A of the Representation of the People Act, 1951 (43 of 1951); and (g) copy of accounts of the applicant for the last one, two or three years, as may be applicable. 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enefits of certain specified persons (ix) (A) Rule 17CA(11): (i) Maintaining books/other documents (ii) Maintaining list of contributors/beneficiaries prescribed manner (B) Rule I7CA(14): Furnishing the lists at 11(11) above to CIT/DIT alongwith audit report (x) Rule 17CA(12): Audit of accounts (xi) Rule 17CA(13): Maintenance of records of proceedings of all meetings/decisions (xii) Rule 17CA(15): Intimating to CBDT any change in shareholders within 30 days (c) That ET has made adequate arrangements for recording the receipts (d) That return of income of the ET would be filed alongwith prescribed audit report in Form No. 10BC duly accompanied by the information / certified copies of lists as provided in the annexure to the sai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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