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SC directs all political parties to furnish receipts of electoral bonds to EC

Press Trust of India  |  New Delhi 

The Friday directed all political parties to furnish receipts of electoral bonds and details of identity of donors in a sealer cover to the

In an interim order, the apex court also directed all political parties to provide details of the amount and account of donors by May 30 to the poll panel.

The order was pronounced by a bench comprising and Justices and

The order was passed on a plea of an NGO which challenged the validity of the scheme and sought that either the issuance of electoral bonds be stayed or names of donors be made public to ensure transparency in the poll process.

The government had notified the Electoral Bond Scheme 2018 on January 2, 2018.

As per provisions of the scheme, electoral bonds may be purchased by a person, who is a citizen of or incorporated or established in

A person being an individual can buy electoral bonds, either singly or jointly with other individuals.

Only political parties registered under Section 29A of the Representation of the People Act, 1951 and which secured not less than one per cent of votes polled in the last to the House of the People or the Legislative Assembly of the State, shall be eligible to receive electoral bonds.

Electoral bonds shall be encashed by an eligible political party only through a account with authorized

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 12 2019. 11:05 IST