Section 133: Bank account for election expenses

133. Bank account for election expenses.—(1) For purposes of his election expenses, a candidate shall open an exclusive 1[account or dedicated his existing] account with any branch of a scheduled bank before the date fixed for scrutiny of nomination papers and maintain, or cause to be maintained, a register of receipts and expenditures. (2)A candidate shall not make any transaction towards the election expenses through an account other than the account opened 1[or dedicated under sub-section (1)] for the purpose. (3)A candidate may open 1[or dedicate] the bank account for election expenses with an amount not exceeding the limit of election expenses provided under section 132 1[:] 1[Provided that if a candidate intends to use his existing account for the purpose, he shall submit statement of account to the Returning Officer at the time of filing of nomination papers: Provided further that any transaction other than the election expenses shall not be made through the exclusively opened or dedicated existing account from filing of nomination papers till filing of return of election expenses.]

Effective date: 2017-10-02

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