Also in the News: Electoral Trusts
Following the Supreme Court’s decision to invalidate electoral bonds last year, there has been a notable increase in political donations through electoral trusts.
About Electoral Trusts:
Electoral Trusts are regulated by the Electoral Trusts Scheme of 2013 and Rule 17CA of the Income-tax Rules, 1962. These trusts are established by companies to channel donations from individuals and firms to political parties.
Unlike electoral bonds, electoral trusts are required to report details of donors and recipients to the Election Commission on an annual basis. Additionally, these trusts must renew their registration every three years.
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