Para 4 - Eligibility - Electoral Trusts Scheme, 2013

1 [Eligibility 4. A company registered for the purposes of section 25 of the Companies Act, 1956 (1 of 1956) satisfying all of the following conditions shall be eligible to make an application for approval as an electoral trust, namely:- (a) the company is registered on or after the 1st day of April, 2012 for the purposes of section 25 of the Companies Act, 1956 (1 of 1956) ; (b) the name of the company registered for the purposes of section 25 of the Companies Act, 1956 (1 of 1956) shall include the phrase electoral trust ; (c) the sole object of the electoral trust is to distribute the contributions received by it to the political party, registered under section 29A of the Representation of the People Act, 1951(43 of 1951); and (d) the electoral trust shall have a permanent account number. ] --------------------- Notes:- 1. Inserted vide Notification No. 9/2013 Dated 31-1-2013