Law · Legal Aptitude
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?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Yes, since it is likely to succeed in the upcoming elections.
- 2Yes, since it fulfils the criteria announced in the November 7, 2022 notification.
- 3No, since it does not fulfil the eligibility criteria announced in the November 15, 2022 notification.✓
- 4No, since it does not fulfil the eligibility criteria announced in the November 7, 2022 notification.
Correct answer
No, since it does not fulfil the eligibility criteria announced in the November 15, 2022 notification.
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