Rules for functioning of an electoral trust

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....y electronic transfer to its bank account and shall not accept any contribution in cash. (4) The electoral trust shall not accept any contribution without the Permanent Account Number of the contributor, who is a resident and the passport number in the case of a citizen of India, who is not a resident. (5) A receipt indicating the following shall be issued by the trust immediately on receipt of any contribution: - (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 el....

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.... its affairs, shall be the distributable contributions for the tax year; and (c) an electoral trust shall be required to distribute the distributable contributions for a tax year, referred to in clause (b), to the eligible political parties before the 31st March of the said tax year, subject to the condition that at least 95% of the total contributions received during the tax year along with the surplus brought forward from earlier tax year, if any, are distributed. (9) The trust shall obtain a receipt from the eligible political party indicating the name of the political party, its Permanent Account Number, registration number, amount of fund received from the trust, date of the receipt and name and designation of person signin....