By ANI
NEW DELHI: The State Bank of India (SBI) has been licensed to challenge Electoral Bonds by means of its 29 branches beginning Monday (right now) and the sale will proceed until April 12. This is the twenty seventh such challenge.
Assembly elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, and Mizoram are due later this yr.
The authorities notified the Electoral Bond Scheme on January 2, 2018. Electoral bonds have been launched to “cleanse the system of political funding” in India.
The issuance of gross sales – the twenty sixth tranche – occurred in April forward of the then-scheduled Karnataka meeting polls.
Such bonds are sometimes obtainable for buy for a interval of 10 days every within the months of January, April, July and October, or as could also be specified by the central authorities.
As per provisions, Electoral Bonds could also be bought by an individual who’s a citizen of India or integrated or established in India. An individual being a person can purchase Electoral Bonds, both singly or collectively with different people.
Only the registered political events which secured not lower than one per cent of the votes polled within the final General Election or the Legislative Assembly shall be eligible to obtain the Electoral Bonds.
The Electoral Bonds shall be encashed by an eligible Political Party solely by means of a Bank account with the Authorised Bank.
The Electoral Bonds are legitimate for fifteen calendar days from the difficulty date, and no cost shall be made to any payee Political Party if the Electoral Bond is deposited after the expiry of the validity interval.
The Electoral Bond deposited by an eligible Political Party in its account is credited on the identical day.
NEW DELHI: The State Bank of India (SBI) has been licensed to challenge Electoral Bonds by means of its 29 branches beginning Monday (right now) and the sale will proceed until April 12. This is the twenty seventh such challenge.
Assembly elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, and Mizoram are due later this yr.
The authorities notified the Electoral Bond Scheme on January 2, 2018. Electoral bonds have been launched to “cleanse the system of political funding” in India.googletag.cmd.push(perform() googletag.show(‘div-gpt-ad-8052921-2’); );
The issuance of gross sales – the twenty sixth tranche – occurred in April forward of the then-scheduled Karnataka meeting polls.
Such bonds are sometimes obtainable for buy for a interval of 10 days every within the months of January, April, July and October, or as could also be specified by the central authorities.
As per provisions, Electoral Bonds could also be bought by an individual who’s a citizen of India or integrated or established in India. An individual being a person can purchase Electoral Bonds, both singly or collectively with different people.
Only the registered political events which secured not lower than one per cent of the votes polled within the final General Election or the Legislative Assembly shall be eligible to obtain the Electoral Bonds.
The Electoral Bonds shall be encashed by an eligible Political Party solely by means of a Bank account with the Authorised Bank.
The Electoral Bonds are legitimate for fifteen calendar days from the difficulty date, and no cost shall be made to any payee Political Party if the Electoral Bond is deposited after the expiry of the validity interval.
The Electoral Bond deposited by an eligible Political Party in its account is credited on the identical day.
