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<h1>Electoral Trusts Must Register Under Companies Act 1956, Meet Criteria for Approval and Renewal Up to Three Years</h1> The Electoral Trust Scheme, 2013, established by the Central Government, outlines the process for approving electoral trusts, which receive and distribute voluntary contributions to political parties. Eligibility for an electoral trust requires registration under section 25 of the Companies Act, 1956, with specific conditions, including a sole objective of distributing contributions to registered political parties. The approval process involves submitting an application in FORM A, with attached documentation, to the relevant tax authority. Approval is valid for up to three assessment years, with provisions for renewal and withdrawal if the trust fails to meet stipulated criteria.