https://www.taxtmi.com/news?id=20563 The notification sets the Electoral Bond mechanism: eligible purchasers are Indian citizens or entities, and eligible recipient political parties are those registered under the Representation of the People Act with not less than one percent of votes in the last general election. Phase V authorised the State Bank of India to issue and encash bonds through twenty-nine named branches during a specified ten-day window. Bonds are bearer instruments with a limited validity period and will be credited to an eligible party's authorised bank account on the day of deposit, but will not be paid if deposited after expiry. en-us Thu, 27 Sep 2018 16:45:24 +0530 Thu, 27 Sep 2018 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20563 The notification sets the Electoral Bond mechanism: eligible purchasers are Indian citizens or entities, and eligible recipient political parties are those registered under the Representation of the People Act with not less than one percent of votes in the last general election. Phase V authorised the State Bank of India to issue and encash bonds through twenty-nine named branches during a specified ten-day window. Bonds are bearer instruments with a limited validity period and will be credited to an eligible party's authorised bank account on the day of deposit, but will not be paid if deposited after expiry. News - Thu, 27 Sep 2018 16:45:24 +0530 https://www.taxtmi.com/news?id=20563