Electoral Bond Scheme, 2018

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...." means a bond issued in the nature of promissory note which shall be a bearer banking instrument and shall not carry the name of the buyer or payee; (b) "authorised bank" means the State Bank of India authorised to issue and encash the bonds in the branches specified in Annexure I to this notification; (c) "issuing branch" means a designated branch of the authorised bank specified in Annexure I for issuing electoral bonds; (d) "person" includes- (i) an individual; (ii) a Hindu undivided family; (iii) a company; (iv) a firm; (v) an association of persons or a body of individuals, whether incorporated or not; (vi) every artificial juridical person, not falling within any of the preceding sub-clauses; and (vii) a....

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.... political party to its account shall be credited on the same day. 7. Procedure for making application for purchase of bonds.- (1) Every buyer desirous of purchasing bond can apply with a physical or through online application in the format specified in Annexure II to this notification. (2) Every application shall contain particulars as per the format in Annexure-II and shall be accompanied with the specified documents. (3) On receipt of an application, the issuing branch shall issue the requisite bond, if all the requirements are fulfilled. (4) The information furnished by the buyer shall be treated confidential by the authorised bank and shall not be disclosed to any authority for any purposes, except when demanded by a compet....

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....shall be deposited by the authorised bank to the Prime Minister Relief Fund. 13. Tax treatment.-- The face value of the bonds shall be counted as income by way of voluntary contributions received by an eligible political party, for the purpose of exemption from Income-tax under section 13A of the Income-tax Act, 1961. 14. Trading of bonds.--The bonds shall not be eligible for trading.   Annexure I Name of Authorised Bank: STATE BANK OF INDIA [refer clause 2 (b)] List of Issuing Branches: [refer clause 2 (c)] S.NO. STATE BCODE BRANCH NAME 1 ANDHRA PRADESH 952 VISAKHAPATNAM     948 VIJAYAWADA 2 ANDAMAN & NICOBAR 156 PORT BLAIR 3 ARUNACHAL PRADESH 6....

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....JODHPUR 30 SIKKIM 232 GANGTOK 31 TAMILNADU 800 CHENNAI MAIN BRANCH     827 COIMBATORE 32 TELANGANA 916 SECUNDERABAD     5324 NIZAMABAD     847 HYDERABAD MAIN BRANCH 33 TRIPURA 2 AGARTALA 34 UTTAR PRADESH 125 LUCKNOW     86 GORAKHPUR     102 JHANSI     602 AGRA MAIN BRANCH 35 UTTARAKHAND 630 DEHARADUN MAIN BRANCH 36 WEST BENGAL 1 KOLKATA MAIN BRANCH     184 SILIGUDI Annexure II Format of Application for Issue of Electoral Bond: APPLICATION FORM FOR ELECTORAL BONDS ___________(YE....

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....TION:  I/ We hereby declare and undertake that  (i) The information furnished in the application form is correct in all respects.  (ii) I have read and understood the details of information for the buyer of the ElectoralBonds as well as the rights and duties of the Electoral Bond holder. Signature                                                                     &n....

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....WITNESS (DETAILS) HUF DECALARATION : I, ____________________RESIDING AT THE ADDRESS GIVEN AGAINST FIRST APPLICANT, DO SOLEMNLY AFFIRM THAT I AM THE KARTA OF THE HINDU UNDIVIDED FAMILY AND AS SUCH HAVE FULL POWERS TO PURCHASE AND OTHER WISE DEAL IN THE ELECTORAL BONDS STANDING IN THE NAME OF THE HUF.  SPECIMEN SIGNATURE FOR AND ON BEHALF OF THE HUF  (Name of the HUF):     Place ___________   Date_____________                                                &n....