TheElection Commission came up with an online portal to allow registered file theirfinancial statements, including contribution reports andpoll expenditure accounts, a move seen as an effort to bring in more transparency in disclosures made by political entities.
The move is part of the poll panel’s “3C strategy” comprising clean up, crackdown and compliance to strengthen Transparency and Accountability in thepolitical funding and expenditureon which it had been working for a year now under Chief Election CommissionerRajiv Kumar.
The portal will facilitate the online filing of Contribution Report, Audited Annual Account and Election Expenditure Statement by political parties.
These financial statements are required to be submitted by political parties to the Election Commission/Chief Electoral Officers of States/Union Territories, as per the Representation of People’s Act, 1951 and transparency guidelines issued by the Commission, from time to time, over the last many years.