Confidentiality of donor information upheld for electoral bond purchases, with limited disclosure only for court orders or criminal investigations. Procedure requires buyers to apply in the prescribed Annexure format, submit specified documents, and comply with KYC; the issuing branch will issue bonds only when requirements are met, non KYC compliant or non conforming applications are rejected, and issued bonds are non refundable. The authorised bank must treat buyer information as confidential, disclosing it only upon order of a competent court or upon registration of a criminal case by a law enforcement agency.
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Provisions expressly mentioned in the judgment/order text.
Confidentiality of donor information upheld for electoral bond purchases, with limited disclosure only for court orders or criminal investigations.
Procedure requires buyers to apply in the prescribed Annexure format, submit specified documents, and comply with KYC; the issuing branch will issue bonds only when requirements are met, non KYC compliant or non conforming applications are rejected, and issued bonds are non refundable. The authorised bank must treat buyer information as confidential, disclosing it only upon order of a competent court or upon registration of a criminal case by a law enforcement agency.
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