Electoral trust approval process standardized: applicants must file Form A with checklist and mandated compliance documents. Applicants seeking approval as an Electoral Trust must file Form A in duplicate with a duly filled and signed checklist and supporting documents to the jurisdictional CIT/DIT and send a copy of the checklist to Member(IT), CBDT by the prescribed date. The checklist requires organizational details, PAN verification, confirmation of registration as a Section 25 company with the words 'electoral trust' in its name, an affidavit that the sole object is distribution to eligible political parties, and submission of registration certificate, memorandum and articles, member details, source of initial capital, accounts for relevant years, and undertakings to comply with sub-rules (2) to (15) of Rule 17CA including record-keeping, audit, receipt issuance, contribution restrictions, distribution rules, and intimation of shareholder changes within thirty days.
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Electoral trust approval process standardized: applicants must file Form A with checklist and mandated compliance documents.
Applicants seeking approval as an Electoral Trust must file Form A in duplicate with a duly filled and signed checklist and supporting documents to the jurisdictional CIT/DIT and send a copy of the checklist to Member(IT), CBDT by the prescribed date. The checklist requires organizational details, PAN verification, confirmation of registration as a Section 25 company with the words 'electoral trust' in its name, an affidavit that the sole object is distribution to eligible political parties, and submission of registration certificate, memorandum and articles, member details, source of initial capital, accounts for relevant years, and undertakings to comply with sub-rules (2) to (15) of Rule 17CA including record-keeping, audit, receipt issuance, contribution restrictions, distribution rules, and intimation of shareholder changes within thirty days.
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