

On the final day of arguments in the case pertaining to the Electoral Bonds Scheme case, the Supreme Court asked the Union Government if it was planning to amend the Companies Act to reintroduce a profit percentage-based limit on donations by Companies. The court also remarked that while it was not asking the government to go back to a cash-based system, it was asking the scheme to be made in a proportional, tailor made manner which took care of the serious deficiencies arising out the current scheme. The Constitution Bench comprising Chief Justice of India DY Chandrachud, Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra discussed various aspects of the scheme, including its impact on transparency and the potential for corruption. The bench also reserved its judgement.
