Backdrop: The Electoral Bond Scheme, 2018 was notified on January 2, 2018 by the Department of Economic Affairs, Ministry of Finance, and it enabled the Indian companies and any other persons including individuals to make contributions to any registered political party in India by way of an electoral bond, without any monetary threshold. Electoral bond was a bond issued in the nature of promissory note which is a bearer banking instrument and did not carry the name of the buyer. The bonds were issued in denominations of Rs 1000, 10,000, 1,00,000, 10,00,000 and 1,00,00,000. A political party, to be eligible to receive an electoral bond, has to be registered under Section 29A of the Representation of The People Act, 1951 and ought to have secured not less than one per cen.