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HomeLawPlea challenging Electoral Bonds notification to be heard on December 6

Plea challenging Electoral Bonds notification to be heard on December 6

The Finance Act, 2017 introduced a system of electoral bonds to be issued by any scheduled bank for the purpose of electoral funding.

The Finance Act was passed as a money bill, which meant that it did not require the assent of Rajya Sabha.

Various petitions are pending before the top court challenging at least five amendments made to different statutes through Finance Act 2017 and Finance Act 2016 on the ground that they have opened doors to unlimited, unchecked funding of political parties.

Source: Barandbench

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