Electoral bond authorisation enables scheduled banks to issue defined bonds under a modified RBI issuance framework. The amendment empowers the Central Government to authorise scheduled banks to issue electoral bonds tied to a provision of the Income-tax Act, inserts a statutory definition of 'electoral bond,' and modifies the Act's issuance framework for demand bills and notes; the change is consequential and governed by a commencement provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Electoral bond authorisation enables scheduled banks to issue defined bonds under a modified RBI issuance framework.
The amendment empowers the Central Government to authorise scheduled banks to issue electoral bonds tied to a provision of the Income-tax Act, inserts a statutory definition of "electoral bond," and modifies the Act's issuance framework for demand bills and notes; the change is consequential and governed by a commencement provision.
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