Electoral bond as bearer instrument enables anonymous donations via authorised bank branches under the scheme. The scheme defines an electoral bond as a bearer promissory-note banking instrument omitting buyer and payee names, issued and encashed through the State Bank of India as the authorised bank via branches listed in Annexure I; specific branches serve as issuing branches. 'Person' is broadly defined to include individuals, Hindu undivided families, companies, firms, associations, bodies of individuals, artificial juridical persons, and agencies, offices or branches owned or controlled by such entities.
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 as bearer instrument enables anonymous donations via authorised bank branches under the scheme.
The scheme defines an electoral bond as a bearer promissory-note banking instrument omitting buyer and payee names, issued and encashed through the State Bank of India as the authorised bank via branches listed in Annexure I; specific branches serve as issuing branches. "Person" is broadly defined to include individuals, Hindu undivided families, companies, firms, associations, bodies of individuals, artificial juridical persons, and agencies, offices or branches owned or controlled by such entities.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.