Monday, January 30, 2023

Electoral bond sale: Supreme Court to take up fresh plea with main matter on December 6

Want create site? Find Free WordPress Themes and plugins.

The Supreme Court on Tuesday listed a fresh petition challenging the latest notification of the Central government, which allowed the sale of fresh electoral bonds for the States of Gujarat and Himachal Pradesh, to be taken up with the main matter on December 6.

The Bench headed by Chief Justice of India D.Y. Chandrachud passed the order on a writ petition filed by Congress leader Jaya Thakur.

Besides taking up the main matter regarding the electoral bonds, the Apex Court will also hear on December 6, an application for additional grounds in the plea challenging the provisions of Finance Act 2017, which paved way for electoral bonds. 

As per the petitioners, the fresh notification issued by the Central government had amended the scheme to provide an additional period of 15 days for the sale of electoral bonds in the year of general elections to the Legislative Assemblies of States and Union Territories.

Senior Advocate Anoop Chaudhari had mentioned a fresh plea challenging a recent notification relating to electoral bond scheme before CJI Chandrachud, where he promised listing of the matter.

An electoral bond is an instrument in the nature of a promissory note or bearer bond, which can be purchased by any individual, company, firm or association of persons, provided the person or body is a citizen of India or incorporated or established in India.

On October 14, the Apex Court had listed the matter for hearing on December 6.

The Bench of Justice B.R. Gavai and Justice B.V. Nagarathna had then asked the government whether the electoral bonds system revealed the source of money funded by political parties.

Appearing for the Union government, Solicitor General Tushar Mehta said the methodology of receiving money was absolutely transparent, adding that it was impossible to get any black or unaccounted money in the account of any political party.

Senior Advocate Kapil Sibal and Senior Advocate Prashant Bhushan, appearing for the petitioners, urged the Apex Court for urgent hearing, saying that the scheme affected the very idea of free and fair elections provided under Article 324 of the Constitution.

The bonds are issued specifically for the purpose of contribution of funds to political parties in its existing scheme in the country.

The term electoral, bond was introduced through Finance Act 2017, which has amended three other statutes – the RBI Act, the Income Tax Act and the Representation of People Act – for enabling introduction of such bonds.

Did you find apk for android? You can find new Free Android Games and apps.

News Update