SC directs political parties to furnish receipts of electoral bonds, donors’ identity details to EC
The Supreme Court Friday directed all political parties to furnish receipts of political funding received through electoral bonds and details of identity of donors in a sealed cover to the Election Commission.In an interim order, the apex court also directed all political parties to provide details of the amount of the bond and bank account of donors by May 30 to the poll panel. The apex court said it would examine in detail changes made in Income Tax law, electoral law and banking laws to make them in consonance with the electoral bond scheme and ensure balance does not tilt in favour of any political party. It also directed the Finance Ministry to reduce the window of purchasing electoral bonds from 10 days to five days in April-May and said it would fix a date later for final disposal of the petition filed by an NGO.
The NGO has 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 order was pronounced by a bench comprising Chief Justice Ranjan Gogoi and Justices Deepak Gupta and Sanjiv Khanna.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 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 and which secured not less than one per cent of votes polled in the last general election to the House of the People or the Legislative Assembly of the State, shall be eligible to receive electoral bonds. As per the notification, electoral bonds shall be encashed by an eligible political party only through a bank account with an authorised bank. The Centre and the Election Commission had taken contrary stands in the Supreme Court on Wednesday over political funding with the government wanting to maintain anonymity of donors of electoral bonds and the poll panel batting for revealing names of donors for transparency.
