In association with
Logo Logo Logo

Election Commission directs 86 political parties failing to submit audit report


KATHMANDU: The Election Commission (EC) has directed 86 political parties that failed to submit their audit report to furnish it within seven days. The political parties in question (of them, 46 failed to submit their report for consecutive three fiscal years and 40 failing to do so regularly) have been asked to furnish the report along with justifiable and satisfactory reasons, said the EC’s spokesperson Raj Kumar Shrestha.
A political party registered with the EC in line with the Political Party Act, 2073 should maintain audit with its actual incomes and expenditures and it should manage responsible office-bearers for keeping records and inform to the EC in this regard, according to legal provisions.
They have been charged with flouting legal provisions that require a political party to get a licensed auditor to audit its incomes and expenditures as per laws within six months of the completion of a fiscal year and submit it within one month and make the audit report public, said the EC. The EC within 45 days of the expiry date of audit report submission can direct a political party failing to submit its audit report to furnish clarifications with reasons through electronic or other media.
A political party failing to maintain or audit its incomes and expenditures or submit audit report or submit clarifications as per directed can be fined up to Rs 20,000, according to existing provisions. In case of a political party failing to submit its audit report for the three consecutive years, it as per Clause 54 (1) of the Political Party Act, 2073 is fined up to Rs 50,000 and the EC can direct it to make corrections within six months. The EC can scrap registration of a political party committing the fault more than one time or failing to follow the given directive in this regard within one year or failing to pay imposed fines.

Comment here !
Related News

KATHMANDU: Minster for Communications and Information Technology Parbat Gurung has urged all political parties to unite against coronavirus. Minster Gurung,

KATHMANDU: Main opposition Nepali Congress has called its parliamentary party meeting for May 8. The meeting set to take place

KATHMANDU: The CPN (UML) has decided to hold discussion with people’s representatives and voters to ensure victory of party’s candidate

KATHMANDU: Minister for Communications and Information Technology Parbat Gurung has urged mass media not to publish and disseminate misleading information