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certain business groups operational in the country have established Electoral Trust companies under the Electoral Trust Scheme, 2013, as per the information provided by the Central Board of Direct Taxes. The details of approved Electoral Trust companies are given in the Annex.
Annexure
S.No. | Name of the Electoral Trust | BUSINESS GROUP |
1 | Satya Electoral Trust | Bharti Group |
2. | Pratinidhi Electoral Trust | DLF Group |
3 | People’s Electoral Trust | Reliance Anil Dhirubhai Ambani Group |
4 | Progressive Electoral Trust | Tata Sons Ltd. |
5 | Janhit Electoral Trust | Sesa Sterlite Ltd. |
6 | Bajaj Electoral Trust | Bajaj Auto Holdings Pvt. Ltd. |
7 | Janpragati Electoral Trust | RPG GROUP |
8 | Paribartan Electoral Trust | M.P. Birla Group of Industries. |
9 | Samaj Electoral Trust Association | K.K. Birla Group of Industries. |
10 | Bhartiya Socialist Republican Electoral Trust | No business group, (as informed by the Electoral Trust) |
11 | Triumph Electoral Trust | Murugappa Group |
12 | Swadeshi Electoral Trust | No business group (as informed by the Electoral Trust) |
13 | Gauri Welfare Association Electoral Trust | Jain Irrigation Systems |
14 | Janta Nirvachak Electoral Trust | Kotak Mahindra Group |
15 | Harmony Electoral Trust | Kalyani Group |
This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.
Electoral Trust Scheme confirms approved electoral trusts and their business group affiliations, with some trusts reporting none. Establishment and approval of Electoral Trust companies under the Electoral Trust Scheme, 2013 are reported, with the tax authority providing the list of approved trusts and their stated business group affiliations; a small number of trusts reported no affiliated business group and the disclosure was made by a government minister in reply to a parliamentary question. of Press 'Enter' after typing page number.
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