TMI BlogElectoral Bond Scheme, 2018X X X X Extracts X X X X X X X X Extracts X X X X ..... ; (d) person includes- (i) an individual; (ii) a Hindu undivided family; (iii) a company; (iv) a firm; (v) an association of persons or a body of individuals, whether incorporated or not; (vi) every artificial juridical person, not falling within any of the preceding sub-clauses; and (vii) any agency, office or branch owned or controlled by such person. 3. Eligibility for purchase and encashment of electoral bond. -(1) The Bond under this Scheme may be purchased by a person, who is a citizen of India or incorporated or established in India. (2) A person being an individual can buy bonds, either singly or jointly with other individuals. (3) Only the political parties registered under section 29A of the Representation of the People Act, 1951 (43 of 1951) and 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, as the case may be, shall be eligible to receive the bond. (4) The bond shall be encashed by an eligible political party only through a bank account with the authorised bank. 4. Applicability of Know Your Customer Norms. -(1) The extant instruction ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in Indian rupees, through demand draft or cheque or through Electronic Clearing System or direct debit to the buyer s account. (2) Where payment is made through cheque or demand draft, the same shall be drawn in favour of the issuing bank at the place of issue such bond. 12. Encashment of the bond. -(1) The bond can be encashed only by an eligible political party by depositing the same in their designated bank account. (2) The amount of bonds not encashed within the validity period of fifteen days shall be deposited by the authorised bank to the Prime Minister Relief Fund. 13. Tax treatment. The face value of the bonds shall be counted as income by way of voluntary contributions received by an eligible political party, for the purpose of exemption from Income-tax under section 13A of the Income-tax Act, 1961. 14. Trading of bonds . The bonds shall not be eligible for trading. Annexure I Name of Authorised Bank: STATE BANK OF INDIA [refer clause 2 (b)] List of Issuing Branches: [refer clause 2 (c)] S.NO. STATE BCODE BRANCH NAME 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GWALIOR MAIN BRANCH 21 MAHARASHTRA 300 MUMBAI MAIN BRANCH 432 NAGPUR 454 PUNE MAIN BRANCH 22 MANIPUR 92 IMPHAL 23 MEGHALAYA 188 SHILONG 24 MIZORAM 1539 AIZAWL 25 NAGALAND 214 KOHIMA 26 ODISHA 41 BHUBANESHWAR 59 CUTTACK 27 PUDUCHERRY 900 PUDUCHERRY 28 PUNJAB 674 LUDHIANA 29 RAJASTHAN 656 JAIPUR MAIN BRANCH 659 JODHPUR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... APPLICANT (S) DETAILS (IN BLOCK LETTERS) FIRST/ SOLE APPLICANT S NAME IN FULL: DETAILS OF IDENTITY: (Passport, Aadhaar/Voter Id) SECOND APPLICANT S NAME IN FULL: (Name of more applicant s can be added, if situation so demands) DETAILS OF IDENTITY: (Passport, Aadhaar/Voter Id) FIRST / SOLE APPLICANT S ADDRESS IN FULL: CONTACT DETAILS : PHONE/ FAX: EMAIL: DECLARATION: I/ We hereby declare and undertake that (i) The information furnished in the application form is correct in all respects. (ii) I have read and understood the details of information for the buyer of the ElectoralBonds as well as the rights and duties of the Electoral Bond holder. Signature Signature 1 st APPLIANT 2 nd APPLICANT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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