Govt allows sale of electoral bonds through 29 SBI branches from Dec 5-12 - New Delhi News
by IANS | Updated Dec 03, 2022
As per provisions of the electoral bonds scheme, these can be purchased by a person who is a citizen of India or incorporated or established in India.
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 (43 of 1951) and which have secured not less than one per cent of the votes polled in the last general election to the Lok Sabha or state legislative assemblies are eligible to receive these bonds.
The bonds can be encashed by an eligible political party only through a bank account with the authorised bank.
These electoral bonds are valid for 15 calendar days from the date of issue and no payment shall be made to any payee political party if the electoral bond is deposited after expiry of the validity period.
The bond deposited by an eligible political party in its account is credited on the same day.
- Centre asks Vodafone Idea to convert Rs 16,000 dues into equity
- J&K sanctions Rs 62 cr project for commercial cultivation of herbal riches
- Paytm Founder announces operating profitability, says free cash flow generation is next
- Over 20K foreign buyers from 28 countries invited to inaugural Rajasthan Int’l Expo
- Budget allocated Rs 10K cr for railway sector in Odisha: Vaishnaw
- Amid Adani group row, RBI says banking sector remains resilient
- S&P Global revises Adani Electricity, Adani Ports ratings to 'negative'
- DGCA orders probe as Indigo passenger reaches Udaipur instead of Patna
- ITC logs Q3 PAT of Rs 5,031 crore, declares interim dividend of Rs 6
- Punjab imposes 90 paise per litre cess on petrol, diesel