Electoral bonds scheme INVALID, rules SC

Thu, 15 February 2024

11:01

A 5-judge bench of CJI DY Chandrachud, Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra delivering the judgment on electoral bonds.

CJI: Amendment to S 182 of Companies Act become otiose in view of our finding that electoral bonds scheme is unconstitutional. A company has more graver influence on the political process than contributions by individuals. Contributions by companies are purely business transactions. Amendment to Section 182 Companies Act is manifestly arbitrary for treating companies and individuals alike.

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