Are political contributions regulated?
Bribery & Corruption
As per the provisions of the Representation of People’s Act, 1952, political parties in India are allowed to receive contribution offered by any person or company other than a foreign source of government company. The Companies Act, 2013 and the Income Tax Act further regulate the manner in which such political contributions are made.
Law no. 13/12, May 2nd 2012, which approved the internal regulation for the National Parliament (Assembleia Nacional) provides in its Article 71.1, f) that the specialized working commissions (Comissões de Trabalho Especializadas) – entities within the Parliament – shall mention, in their reports and opinions, the contributions received by entities with relevant interests in the matters under discussion.
Yes, Law no. 19/2003 establishes the framework for party financing.
Articles 7 and 8 of Law no. 19/2003 establish that political parties may not receive donations from anonymous donors or corporate entities.
Donations from individuals cannot exceed the annual limit of 25 times the Social Support Index. The Social Support Index for 2018 is 428,90 euros, which means that the maximum amount an individual can donate to a political party in 2018 is 10.722,50 euros.