New Delhi: The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated January 2 2018, said the Ministry of Finance on Wednesday.
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 the Political Parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than one per cent of the 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 the Electoral Bonds, read a press statement from the Ministry of Finance.
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