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 ... Summary
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.
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