Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Companies under Section 25 of Companies Act, 1956 can qualify as electoral trusts if meeting specific criteria.</h1> A company registered under section 25 of the Companies Act, 1956, on or after April 1, 2012, can apply for approval as an electoral trust if it meets specific criteria. The company's name must include 'electoral trust,' its sole purpose should be distributing contributions to political parties registered under section 29A of the Representation of the People Act, 1951, and it must possess a permanent account number. These provisions were introduced through Notification No. 9/2013 dated January 31, 2013, under the Electoral Trusts Scheme, 2013.
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