https://www.taxtmi.com/news?id=21284 The amendment restricts the next phase of sale to a narrowed issuance window and authorizes State Bank of India branches to issue and encash Electoral Bonds. Purchasers must be Indian citizens or entities incorporated/established in India, with individuals able to buy singly or jointly. Only political parties meeting registration and minimum electoral vote thresholds may receive and encash bonds, which must be routed through an account with the Authorized Bank. Electoral Bonds carry a limited validity after which no payment is made, and deposits by eligible parties are credited on the same day. en-us Wed, 01 May 2019 18:44:56 +0530 Wed, 01 May 2019 18:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21284 The amendment restricts the next phase of sale to a narrowed issuance window and authorizes State Bank of India branches to issue and encash Electoral Bonds. Purchasers must be Indian citizens or entities incorporated/established in India, with individuals able to buy singly or jointly. Only political parties meeting registration and minimum electoral vote thresholds may receive and encash bonds, which must be routed through an account with the Authorized Bank. Electoral Bonds carry a limited validity after which no payment is made, and deposits by eligible parties are credited on the same day. News - Wed, 01 May 2019 18:44:56 +0530 https://www.taxtmi.com/news?id=21284