Electoral bond: Central Government may authorise scheduled banks to issue bonds under notified scheme by amendment to Reserve Bank Act. The amendment empowers the Central Government to authorise scheduled banks to issue electoral bonds and defines an electoral bond as a bond issued by any scheduled bank under the scheme to be notified by the Central Government, thereby centralising authority to designate issuing institutions and frame the issuance scheme.
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: Central Government may authorise scheduled banks to issue bonds under notified scheme by amendment to Reserve Bank Act.
The amendment empowers the Central Government to authorise scheduled banks to issue electoral bonds and defines an electoral bond as a bond issued by any scheduled bank under the scheme to be notified by the Central Government, thereby centralising authority to designate issuing institutions and frame the issuance scheme.
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