Corporate houses line up 'Electoral Trusts' to fund polls

Dec 17 2013, 20:23 IST
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Most of these trusts have been named in such a manner that they do not give any reference to the associated business groups (Reuters) Most of these trusts have been named in such a manner that they do not give any reference to the associated business groups (Reuters)
SummaryThese trusts have been incorporated as non-profit companies under Section 8 of the new Companies Act

Trust Companies' will be required to only reflect the amount contributed by them to such trust in its books of accounts.

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