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Supreme Court Strikes Down Electoral Bonds Scheme

The Supreme Court deemed the Electoral Bond Scheme unconstitutional, along with the amendment to the Companies Act permitting unrestricted corporate political funding. Introduced by the government on January 2, 2018, the scheme enables anonymous donations from companies and individuals to political parties through monetary instruments.

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Supreme Court To Announce Verdict On Electoral Bonds

Zaina Afzal Kutty

On Thursday, the Supreme Court, headed by Chief Justice of India DY Chandrachud, will announce its decision on multiple petitions contesting the legality of the electoral bonds scheme. Initiated in January 2018, electoral bonds allow individuals or corporations to buy bonds from banks and contribute them to political parties.

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