“We have given a seven-day ultimatum to 18 political parties to clarify why the EC should not annul their registration,” said Acting Chief Election Commissioner Neelkantha Uprety at a press conference organized by the commission on Friday. [break]
The commission had asked the political parties to submit the reports of their incomes and expenditures by mid-January.
Uprety said, starting from next year, the political parties will have to furnish details of their incomes and expenditures within the first quarter of a fiscal year. The EC has also directed all the political parties who failed to submit their financial reports on time, to comply from next year.
“The EC has set a standardized format to be followed by political parties while submitting their financial reports,” said Uprety.
According to EC, none of the political parties have disclosed names of persons or organizations donating more than Rs 25,000.
Two committees formed by the EC in January have recommended the commission to direct political parties to conduct any transaction above Rs 25,000 only through banks.
The political parties have also been directed to appoint officials to look into their finances and the EC has said the parties should undergo training on how to handle their financial affairs.
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