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Parliament clears poll Bill

New Delhi Aug 4. The Election and Other Related Laws (Amendment) Bill, 2003 got the Parliamentary approval after the Rajya Sabha passed it today. The Lok Sabha had already passed it.

The Bill seeks to regulate the funding of political parties by amending the Representation of the People Act, 1951, the Companies Act, 1956 and the Income-tax Act, 1961. It provides for contributions from companies and individuals to political parties and the declaration by the latter to the Election Commission when the contribution is in excess of Rs. 20,000.

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