Sale of Electoral Bonds under the Electoral Bond Scheme, 2018 - ...

Electoral Bond Scheme, 2018: Donor Anonymity Maintained Unless Court or Criminal Case Demands Disclosure. Non-KYC Applications Rejected.

March 27, 2021

Case Laws Indian Laws SC

Sale of Electoral Bonds under the Electoral Bond Scheme, 2018 - Scheme allows the donors of political parties to maintain anonymity - Though the information furnished by the buyer shall be treated confidential by the authorised bank and shall not be disclosed to any authority for any purposes, it is subject to one exception namely when demanded by a competent court or upon registration of criminal case by any law enforcement agency. A nonKYC compliant application or an application not meeting the requirements of the scheme shall be rejected. - The apprehension that foreign corporate houses may buy the bonds and attempt to influence the electoral process in the country, is also misconceived. - SC

View Source

← Previous Next →

Sale of Electoral Bonds under the Electoral Bond Scheme, 2018 - ...

Electoral Bond Scheme, 2018: Donor Anonymity Maintained Unless Court or Criminal Case Demands Disclosure. Non-KYC Applications Rejected.

March 27, 2021

Case Laws Indian Laws SC

You may also like:

Challenging the constitutional validity of the Electoral Bond Scheme “Electoral Bond Scheme” or “Scheme” - The Supreme Court held that, the Electoral Bond Scheme, the...

Constitutional validity of Electoral Bond Scheme and the provisions of the Finance Act 2017 which amended the provisions of the Representation of People Act 1951 and the...

Cabinet approves Proposal for Official Amendments to the Banning of Unregulated Deposit Schemes Bill, 2018

Condonation of Delay Scheme, 2018 - On day extension for compliance.

Filing of Annual Financial statements and Annual Returns under the Companies Act, 2013 - Condonation of Delay Scheme, 2018 - scheme extended upto 30th April, 2018.

Sovereign Gold Bond Scheme 2020-21 - Notification

The Income Tax Bill, 2025 consolidates and modernizes tax provisions for political parties and electoral trusts through Clause 12 and Schedule VIII, replacing Sections...

EPCG Scheme - Benefit of an EXIM scheme - Non fulfilment of the export obligations - The High Court examined the clauses of the bonds executed by the appellant and...

Trust: additions as anonymous donations u/s 115BBC rejected - AO doubted genuineness of donors without substantiating evidence. Assessee provided complete donor details...

Additions u/s 68 - capacity of the donor has to be examined with reference to the time when the donor subscribed to RIB Bonds and not its capacity at the time of the...

HC ruled in favor of petitioner's claim for MEIS benefits despite scheme expiration in February 2022. The court determined that since petitioner's application to amend...

Onetime condonation under the EPCG Scheme – Extension till 30.09.2018 - Public Notice

Removal of the company from the Register of Companies - Condonation of Delay Scheme-2018 eligibility - HC allows the appellant to comply with the conditions and...

With a view to giving an opportunity for the non-compliant, defaulting companies to rectify the default, in exercise of its powers conferred u/s 403, 459 and 460 of the...

The High Court considered a case involving the release of seized goods u/s 110A. The issue was the non-issuance of a show cause notice within the stipulated time due to...

Quick Updates: