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Question 79 Legal Reasoning 2023 Medium MCQ +1.00 marks · -0.25 negative

Direction: Assume that the statements in the passages are the applicable law. The government has amended the Electoral Bond Scheme, 2018. The Ministry of Finance on November 7, 2022, issued a notification for amending the scheme to provide “an additional period of 15 days” for…

On November 15, 2022, the Government issues another notification, announcing that from that date onwards, only political parties that have received at least 1% of the votes polled in the last elections to the Lok Sabha, or the last elections to the Legislative Assembly of a State, would be eligible to receive and deposit electoral bonds. In the sale of the 24th tranche of electoral bonds, Palak decides to give the electoral bonds she has purchased to the newly formed more Popular People’s Party (the “MPPP”), which is likely to win the first elections it would be contesting, in July 2023. Is the MPPP eligible to receive the electoral bonds?

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