- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Pistol shooter Divanshi bagged a second individual gold in the women’s 25m standard pist
- Paralympics: BAI announces Rs 50 lakh cash reward for medallist para-shuttlers
- Laver Cup: Tiafoe upsets Medvedev, Alcaraz pulls Team Europe level with Team World
- Cincinnati Open: Tiafoe, Hurkacz, Rune and Draper in the quarters
- Paris Olympics: Abhinav Bindra 'completely gutted' after Vinesh Phogat's disqualification
- Paris Olympics: USA, China in Top-2, India slip to 60th
SC to hear PILs challenging electoral bonds Last Updated : 12 Mar 2019 06:42:39 AM IST The Supreme Court The Supreme Court will hear petitions by the Association of Democratic Reforms and the Communist Party of India (Marxist) challenging amendments to various statutes through the Finance Act 2017-2018 for the issuing electoral bonds for poll funding.
The bench of Chief Justice Ranjan Gogoi, Justice Deepak Gupta and Justice Sanjiv Khanna decided to hear the matter as counsel Prashant Bhushan told the bench that electoral bonds have opened flood gates in violation of government's own notification and EC norms.
Bhushan appeared for one of the petitioner NGOs.
The court will hear the matter on March 26.
The top court had on October 3, 2017, sought a response from the Centre and the Election Commission on corporate funding of political parties through electoral bonds.
The petitioner NGOs have challenged various amendments to the Companies Act, Income Tax Act, Representation of the People Act, Reserve Bank of India Act and Foreign Contribution Regulations Act.
The petitioner NGOs have contended that the consequence of these amendments is that corporates houses can make unlimited donations to political parties and need not even give details of such donations.
Besides this, the annual contribution reports of political parties to be furnished to the Election Commission of India need not mention names and addresses of those contributing by way of electoral bonds, the petition by the NGOs said.
By the amendments under challenge, the earlier limit of 7.5 per cent of the company's average three-year net profit for political donations has been removed.
As a result, the corporates can make unlimited political donations without divulging the name of political parties they are funding.IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
172.31.16.186