Daily CA | Current Affairs of 27th March for JKSSB, JKPSC, UPSC Exams - Click on Link Below To download
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Corporate houses can finance political parties – The court rubbished the charge of electoral bonds facilitating anonymous and hefty donations from corporate houses to political parties. Anyone buying bonds will have to fulfil KYC norms. The money spent will reflect on the expenses sheet of the company.
Foreign corporate houses can buy bonds and influence electoral politics – The court debunked fears that electoral bonds would help foreign corporate houses influence domestic electoral politics. Bonds can be purchased only by a person who is a citizen of India or incorporated or established in India.
Bonds bought with white money can be re-purchased with black money – Bonds are not tradable under clause 14. Moreover, the first buyer will not stand to gain anything out of such a sale except losing white money for the black.
