BREAKING : Supreme Court Reserves Orders On Plea To Stay Electoral Bonds; Election Commission Opposes Stay

first_imgTop StoriesBREAKING : Supreme Court Reserves Orders On Plea To Stay Electoral Bonds; Election Commission Opposes Stay LIVELAW NEWS NETWORK23 March 2021 11:52 PMShare This – xThe Supreme Court on Wednesday reserved order on an application seeking stay of release of fresh set of electoral bonds ahead of the assembly polls in West Bengal, Kerala, Assam, Puducherry etc.A bench comprising Chief Justice of India SA Bobde, Justices AS Bopanna and V Ramasubramaniam was hearing an application filed by NGO Association for Democratic Reforms(ADR).Notably, the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court on Wednesday reserved order on an application seeking stay of release of fresh set of electoral bonds ahead of the assembly polls in West Bengal, Kerala, Assam, Puducherry etc.A bench comprising Chief Justice of India SA Bobde, Justices AS Bopanna and V Ramasubramaniam was hearing an application filed by NGO Association for Democratic Reforms(ADR).Notably, the Election Commission of India opposed stay of electoral bonds. The ECI said they are not opposed to electoral bonds, but want more transparency. But Electoral Bonds is one step ahead unaccounted cash system, ECI said. The issue of transparency can be considered at the final argument stage, and there should be no interim stay, the ECI’s counsel Senior Advocate Rakesh Dwivedi told the SC.Submissions by ADR Advocate Prashant Bhushan, appearing on behalf of ADR, highlighted the objections raised by the Reserve Bank of India and the Election Commission, on the sale of anonymous Electoral Bonds (EBs). He referred to the communications sent by the former RBI Governor Urjit Patel to the then Finance Minister Arun Jaitley, expressing “discomfiture” about EBs. He pointed out that the RBI Governor had called the bonds a “fraud scheme” having implications on banking system and “possibility of misuse, more particularly through shell companies”. He emphasized that anonymous electoral bonds is “legalized corruption” and will pave way for shell companies to essentially offer bribes. He submitted that at least the Reserve Bank should be informed as to who the initial subscriber is. “Now it is issued in scripted form, like cash, and no one except SBI knows the donor identity,” he said. When the CJI commented that the bonds can be given to any political party, and not necessarily the ruling party, Bhushan responded, “It can be given to any political party. But ruling party is in a position to give favours. So, companies will support ruling parties, as they are in a position to give benefits. It might go to the party ruling the state govt or central govt depending on what the quid pro quo is.” Bhushan also referred to the objections raised by the Election Commission on sale of EBs. He submitted, “The only person who wants anonymity is the person who is paying bribe to the party in power…there is no justification for the argument that anonymity is maintained for the safety of donor. Because, it is not anonymous to the Government who the donor is. Govt can track identity. But it is anonymous to everyone else.” The CJI asked if the petitioner is seeking complete anonymity. “No, no. I want complete transparency. This Court has held that candidates should disclose their assets, criminal background etc. Even without a law, this Court directed that. This court has held that transparency is absolutely necessary in an election,” he responded. Bhushan further took objection to the manner in which the provisions of EB were inserted by way of an amendment to the Finance Bill, essentially to circumvent the mandate of the Upper House of the Parliament. He said, “These amendments are made through the Finance Bill, in order to avoid going to the Rajya Sabha where the Government did not have a majority. This cannot be done through Finance Bill.” He submitted that the Finance Bill 2017 allowed foreign companies to donate through Indian subsidiaries, thereby allowing foreign companies to influence Indian elections. Even the Election Commission has called this a “retrogade step”, he argued. He added that the Finance Bill 2017 removed the requirement of profit threshold for donations, allowing shell companies to donate. At this juncture, the CJI said that if the submissions made by Bhushan are taken on face, then the Court will have to strike down the impugned law. “If what you are saying is correct, we will have to strike down the law. How can it be done through an interim order?” the CJI asked. Bhushan then clarified that as of now, they are only seeking a stay on a fresh tranche of bonds that are proposed to be sold from next week, ahead of assembly polls in West Bengal, Kerala, Assam, Puducherry etc. He then continued his submissions on the concerns raised by Election Commission with respect to EBs. “Election Commission said that at least to them it should be reported”, he said while referring to its affidavit. He further submitted that the Court’s order passed in April 2019 will not suffice because of the very nature of the bonds. In the said order, the Top Court had directed all parties to furnish by the information as to the donations received by way of EBs, including the identity of the donors, amounts received, details of payments, bank accounts etc. to the Election Commission in sealed covers, Bhushan said that the RBI has also expressed concerns that the bonds can be transferred, facilitating money laundering and kickbacks. “Your arguments at this stage is more on the point of political morality. This question of morality or ethics regarding black money, was it not considered by this court in the RK Garg case…” the CJI intervened. Bhushan however urged the Bench to stay the upcoming sale of EBs. He said, “It is not a question of morality. It is a question of democracy. The electors have the right to know the source and background. If you remove transparency in political funding, it goes to the heart of electoral democracy.” He submitted that stopping bonds will not harm anyone. “Legitimate donations can be made. They have to maintain transparency”, he argued. He added, “There is no public interest to be served by allowing these anonymous electoral bonds.” He submitted that the ECI has also recommended disclosure of donors of parties. “Mere fact that the scheme says that the bonds are not for trading does not mean anything, as there is anonymity involved at every levels…ECI has comprehensively pointed out that in order to maintain purity of election process, complete transparency in political funding. This (bonds) is driving a coach through transparency.” He submitted that earlier the law was that only donations less than Rs 20,000 can be kept undisclosed however, the Government has now removed the 7.5 % cap and has allowed foreign companies to donate. Stand of Election Commission ECI’s counsel Senior Advocate Rakesh Dwivedi however submitted that the Election Commission is supporting electoral bonds and not opposing it as such. “Without electoral bonds, we will go back to earlier cash system, which was unaccounted. Bonds is one step forward, as all transactions are through banking channels,” he said. But on the second aspect transparency, he added, “we want transparency.” “But that is a matter for final hearing. We are against stay of electoral bonds as then we will go back to the unacccounted cash system,” Dwivedi said. Govt’s submissions The Attorney General of India, appearing for the Central Government submitted, that the Election Commission has allowed the sale of electoral bonds from April 1 to April 10. He maintained that EBs will serve in eradicating black money from political funding, and to prevent the donors from being victimized. He submitted, “The then Finance Minister Arun Jaitley said that blackmoney was a huge menace in political funding. Therefore, this bond was devised…All payments have to made through banking channels. Therefore, no cash, no blackmoney”. On being asked if these (donated) amounts will be brought to tax anywhere, the AG informed the Bench, “All payments need to be through cheque, or DD, so it has to be through banking channels, so no blackmoney.” Advocate Prashant Bhushan interjected at this juncture, to state that subsequent purchaser of EBs can buy through cash. That was also an objection of the RBI. “That can be said of any transaction, unless you make it non-transferable,” CJI said brushed. The Solicitor General interjected here to submit that no one can buy EBs subsequently, as trading in bonds is not permitted. He further informed that that bonds are purchased following KYC norms. Use of EBs to fund protests, terrorism During the hearing, the CJI expressed apprehension that political parties may use the funds secured by way of EBs for purposes other than political activities. “There are political parties who do terrorism,” the CJI said. He added, “This angle of possibility of funding of terrorism through funding needs to be examined. It is possible that funds through this mechanism are diverted by particular people for other purposes with an agenda…You can start a protest, with this funding. You can start many things.” The Solicitor General submitted that only political parties with at least 1% vote share can take EBs. Unconvinced, the CJI remarked, “We are sure that there are parties who meet this criteria and have violence as an agenda.” He added, “We don’t want to get into political arena and don’t want to comment on any political party. Suppose, there is a party which wants to finance a protest, which has the potential of violence, can’t they use bonds to fund it?” Turning to the AG, the CJI asked whether the Government exercises control on the money being used after encashing the bonds. “The bonds are valid only for 15 days. After that, it is paper,” the AG said. He added, “Political parties have to file income tax returns. Except the CPI(M) and another party, no other national parties filed the returns. Case came to Supreme Court. Supreme Court condemned the parties and directed them to file returns. Even the Congress party did not file. It was after Supreme Court judgment that all started filing. So now question of such misuse cannot arise. They have to file returns.” The CJI then asked if the April 2019 order has been complied with. Senior Advocate Rakesh Dwivedi (for EC) informed that the information is kept in sealed covers but all major parties have furnished the information. Discussion on Demat EBs Bhushan further submitted that the RBI is of the opinion that the Electoral Bonds scheme will be seen as facilitating electoral bonding and it may “offset a war” against black money. The CJI interjected at this juncture to point out that RBI has supported the option of issuing EBs in demat form. “Yes. But they have expressed concerns about money laundering,” Bhushan responded. The CJI then sought to know the difference between demat form and scripted form? “We want someone to explain the difference,” he said. On being informed that under the Demat form, identity of the donors cane be tracked, the CJI said that the Bench was told that demat was in in anonymous form. He said that his pointed query is, if has RBI shown the readiness and concurrence to issue EBs in demat form with anonymity, what is the difference?BackgroundThe petitions were filed in 2017 challenging the provisions of Finance Act 2017 which paved the way for anonymous electoral bonds. The Finance Act 2017 introduced amendments in Reserve Bank of India Act, Companies Act, Income Tax Act, Representation of Peoples Act and Foreign Contributions Regulations Act to make way for electoral bonds.The petitions have been filed by political party Communist Party of India(Marxist), and NGOs Common Cause and Association for Democratic Reforms(ADR),which challenge the scheme as “an obscure funding system which is unchecked by any authority”. The petitioners voiced the apprehension that the amendments to Companies Act 2013 will lead to “private corporate interests taking precedence over the needs and rights of the people of the State in policy considerations”.However, the case became alive only by March 2019, by which time most of the electoral bonds have been purchased. On April 12, 2019, after several sessions of hearing held during the run up to the 2019 Lok Sabha polls, a three judges bench of the SC comprising the then CJI Ranjan Gogoi, Justice Deepak Gupta and Sanjiv Khanna had directed the political parties to submit the details of donations received to the ECI in sealed cover by May 30. The Election Commission of India has already filed a counter-affidavit in the case expressing its concerns about the anonymous nature of bonds. The ECI has described this a “retrograde step as far as transparency of donations is concerned” and called for its withdrawal.By virtue of the 2017 amendment made to Section 29C of the Representation of Peoples Act 1951(RPA), political parties need not report to ECI the donations received through electoral bonds. The ECI has described this a “retrograde step as far as transparency of donations is concerned” and called for withdrawal of the amendment.The ECI said that if contributions are not reported, it will not be possible to ascertain if political parties have taken donations from government companies and foreign sources, which is prohibited under Section 29B of RPA.The amendments made to Companies Act 2013 were also flagged by the ECI. The amendment to Section 182 of the Act took away the restriction that contribution can be made only to the extent of 7.5% of net average profit of three preceding financial years, enabling even newly incorporated companies to donate via electoral bonds. “This opens up the possibility of shell companies being set up for the sole purpose of making donations to political parties, with no other business consequence of having disbursable profits”, said the ECI. Also, the amendment to Section 182(3) abolished the provision that companies should declare their political contributions in their profit and loss accounts. Now, this requirement is diluted to only showing the total expenditure under the head. This would “compromise transparency” and could lead to the “increased use of black money for political funding through shell companies” expressed the ECI. ECI had urged the Ministry to ensure that only profitable companies with proven track record should be permitted to make political donations. The ECI had informed the Ministry that these amendments will have “serious repercussions/impact on the transparency aspect of political finance/funding of political parties”. It has also taken a stand against the amendment to Foreign Contributions Regulation Act with permitted acceptance of donations from foreign companies with retrospective effect. “This would allow unchecked foreign funding of political parties in India which could lead to Indian policies being influenced by foreign companies”, said the ECI. The ECI added that it had suggested amendments to RPA Act to make reporting compulsory even for cash donations less than the existing limit of Rs.20,000, if the total cash contributions exceeds 20 crores or 20 percentage of total contributions, whichever is lesser. It further suggested that reports of contributions of political parties should be uploaded in the website of ECI. It had also suggested that anonymous contributions above or equal to Rs.2000 should be prohibited, instead of the present limit of Rs.20,000. But the scheme was implemented without paying any heed to the concerns expressed by the poll body. The petitions also raise the contention that the scheme was made into effect through amendments made to RP Act, IT Act and RBI Act through a money bill – the Finance Act. This is alleged to be a colourable exercise of the money bill provision in order to circumvent scrutiny by the Rajya Sabha. The bonds can be bought for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh or Rs 1 crore. The name of the donor will not be there in the bond. The bond will be valid for 15 days from the date of issue, within which it has to be encashed by the payee-political party. The face value of the bonds shall be counted as income by way of voluntary contributions received by an eligible political party, for the purpose of exemption from Income-tax under Section 13A of the Income Tax Act, 1961. The Centre claims that the schemes will bring in more transparency in political funding. The anonymity of the scheme was intended to protect the privacy of the donor, stated the centre.Next Storylast_img read more

Driveway parking permits

first_imgTo the Editor:On March 14, the Bayonne City Council proposed an amendment to Chapter 7 of the municipal code. The purpose is to allow residents to park in their driveway on the street. Two state regulations are in play here, 39:4-138(d) which makes it improper to park in front of a driveway and 39:4-138.3 which allows municipalities to “permit the parking of motor vehicles in front of private driveways whenever both the motor vehicle and driveway involved are owned by the same person, whenever the motor vehicle is owned by a member of the same household as the owner of the private driveway, …” On the surface this sounds fantastic. The city is going to allow homeowners to park in front of their driveways but there is a caveat; you will be required to purchase special parking permits from the city at a cost of $50, thus creating a new revenue source for the city at the taxpayers’ expense. The ordinance will also allow you to give your permit to anyone of your choosing, which is permissible by state statute. A property owner could decide not to use his or her driveway and sell the permit to someone for a fee. I do not see anything that stops a property owner from parking on the street and selling his or her permit for a monthly or yearly fee. I find two potential flaws with this ordinance, 1) You have to pay a fee to park in front of your driveway and 2) you can profit from this by selling your parking right. Based on how people behave it is logical to conclude that people will try to capitalize on this. Although the ordinance on the surface is to help alleviate parking it could actually create more parking problems. I think the city and residents should oppose the ordinance as written and it should be adjusted to remove the permit fee and, if permissible by law, disallow the transfer of the permit to nonresidents of the property. If these conditions cannot be met it should not be adopted to the Chapter 7 local ordinance. SHAWN JARYNOlast_img read more

Court amends family forms

first_img June 1, 2003 Regular News Court amends family forms The Florida Supreme Court has changed several family law forms and approved four new forms on domestic violence issues.Ruling May 15, the court approved changes to the forms to conform with changes the legislature made in 2002 to F.S. §§ 741.28, 741.30, 741.31, and 784.046. Those alterations affected the definition of domestic violence,and repeat domestic violence, and created a cause of action for dating violence.The court published the proposed amended forms and the new forms in the December 15, 2002, Bar News and received five comments. The court approved several of the recommended changes.The changes affect Supreme Court Approved Family Law Forms 12.980(a)-(n) and four new forms. Three of those new forms deal with petitions for injunctions or final judgment for dating violence and the fourth is a show cause affidavit for violating a final judgment injunction in domestic, repeat, or dating violence cases.Changes approved by the court include:• Including the 10 statutory factors a judge uses to determine if a petitioner has reasonable cause to fear domestic violence on instructions for form 12.980(b).• Amending form 12.980(c)(1) to note under the statute that domestic violence hearings must be recorded, but it is optional to record hearings for repeat or dating violence.• Amending forms 12.980(d)(1) and (2) to clarify that the court has jurisdiction over the respondent when the temporary injunction is served.The complete text of the decision and the amendment forms can be viewed on the court’s Web site at www.flcourts.org. The case is Amendments to Florida Supreme Court Approved Family Law Forms — Domestic Violence, Repeat Violence and Dating Violence Forms, case no. SC02-2445.center_img Court amends family formslast_img read more

Damen ASD 2310 SD for Dutch Dredging

first_imgDamen Shipyards Hardinxveld last week delivered a shallow draught ASD 2310 SD vessel, named Papillon, to De Boer Remorquage SARL, a subsidiary company of Dutch Dredging (Baggerbedrijf De Boer) and Iskes Towage & Salvage. Damen has customised the ASD for a 12-year contract with Grand Port Maritime de Guyane in the ports of Cayenne and Kourou in French Guiana.The ASD has been designed to meet the requirements of the end client – Grand Port Maritime de Guyane – which contributed to the design with its own consultant, Hydro GC. The ASD Tug is Damen’s first delivery to Dutch Dredging, though Iskes Towage & Salvage has a number of Damen vessels in its fleet, Damen said in its release.Managing Director of Damen Shipyards Hardinxveld, Jos van Woerkum, said: “The collaboration with all parties during the design and construction of this vessel has been excellent.”“Working together closely, we have been quickly able to identify the full scope of requirements and turn the versatile Damen ASD 2310 SD design into something that exactly meets the needs of the end user. We wish De Boer Remorquage SARL and Grand Port Maritime de Guyane every success with Papillon.”Joining Papillon in French Guiana later this year, will be a WID 2915 Hybrid Tug. Damen is configuring the vessel with dredging capabilities using the air and water injection dredging method (AIRSET).Following delivery, both vessels will undergo an official naming ceremony in French Guiana.last_img read more

Customs, CIS Share the Spoils as 2018 Maritime Cup Begins

first_imgSpeaking at the opening ceremony, the Chief Executive Officer of Ships & Ports, Mr. Bolaji Akinola, said the tournament was part of the company’s effort in contributing to the development of the maritime industry through fostering friendship and the spirit of camaraderie.Akinola, who recalled how the competition started with only four teams in 2009, expressed delight that the aim of the competition was being achieved with the level of participation so far over the years.“We started this competition 10 years ago and I am happy to say that the Maritime Cup is 10 years old today. We started very small with only four teams but here we are, we are growing.“Three years ago, we had 16 teams participating in the competition but then because of exigency of duty and changing priorities, we were able to put together eight teams this year. But the quality of participation is the most important to us.“Since we started the competition, we have seen various interest groups in the industry come together. Ordinarily, people who would possibly not have met in the course of duty are meeting annually on the football pitch due to the opportunity provided by the Maritime Cup competition.“I am happy that the objective for which the competition was set up is being achieved,” he said.He expressed appreciation to the Managing Director of NPA, Hadiza Bala Usman and Dangote Group for supporting the competition.Representative of the Managing Director of NPA; the General Manager, Human Resources, Yahaya Bukar, who officially kicked off the opening match, commended Ships & Ports for initiating and sustaining the Maritime Cup competition over the years, an achievement he described as a great feat.Eight teams, including the Nigerian Maritime Administration and Safety Agency (NIMASA); Nigerian Navy, NPA, Tin Can Island Container Terminal (TICT), Apapa Bulk Terminal (ABTL), Josephdam Port Services, Customs and CIS are participating in this year’s competition.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The 10th edition of the Annual Maritime Cup Competition organised by Ships & Ports kicked off in grand style at the Nigerian Port Authority (NPA) Sports Ground, Surulere, Lagos on Tuesday with the opening match between defending champions Nigeria Customs Service and the Certified Institute of Shipping (CIS) ending in a 1-1 draw.Philip Dauzi scored the first goal for CIS in the eight minute of the match while Henry Nwakoni equalised for the Customs team in the 95th minute of the tension-soaked encounter.The opening ceremony of the tournament, which has grown in popularity ever since it was launched in 2009, was witnessed by several maritime industry stakeholders and football fans.last_img read more