Function of an Electoral Trust [ Section 13B Read with Rule 17CA ] 

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....all be issued by the trust immediately on receipt of any contribution indicating the following:- * (a) name and address of the contributor; * (b) Permanent account number of the contributor or passport number in the case of a citizen who is not a resident; * (c) amount and mode of contribution including name and branch of the Bank and date of receipt of such contribution; * (d) name of the electoral trust; * (e) Permanent account number of the electoral trust; * (f) date and number of approval by the prescribed authority; and * (g) Name and designation of the person issuing the receipt. [ Sub Rule 3 ] * The electoral trust shall not accept contributions- * (a) from an individual who is not a citizen of India or from any fo....

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....ibutions received in any financial year along with the surplus from any earlier financial year, if any, as reduced by the amount spent on managing its affairs, shall be the distributable contributions for the financial year; * (iii) an electoral trust shall be required to distribute the distributable contributions received in a financial year, referred to in item (ii), to the eligible political parties before the 31st day of March of the said financial year, subject to the condition that at least 95%, of the total contributions received during the financial year along with the surplus brought forward from earlier financial year, if any, are distributed. [ Sub Rule 8 ] * The trust shall obtain a receipt from the eligible political party ....