- Web Desk
- 2 Hours ago
Political parties asked to file asset details before Aug 29
- Web Desk
- Aug 17, 2023
ISLAMABAD: The Election Commission of Pakistan has asked all the heads of political parties to submit their consolidated statement of accounts for financial year, 2022-23 on or before August 29.
This requirement is mandated for the political parties in terms of Section 210 of the Elections Act, 2017 read with Section 204 of the Act ibid and rule 159 & 160 of the Election Rules, 2017, thereof, that they are required to do the needful.
The Section 210 of the Act provides that a political party shall, in such a manner as may be prescribed, submit to the commission, within sixty days from the close of a financial year, a consolidated statement of its accounts audited by a Chartered Accountant on Form-D containing: Annual income and expenses; sources of its funds and assets and liabilities.
The statement to be submitted to the ECP shall accompany the report of a chartered accountant with regard to the audit of accounts of a political party and a certificate signed by an office-bearer authorised by the party head stating that:
(i) No funds were received by the party from any source prohibited under the Elections Act, 2017.
(ii) The statement of accounts contains an accurate picture of the financial position of the party.
(iii) The information given above is correct to the best of my knowledge and belief.
(iv) The statement is audited by the charted accountant and detailed report thereof is annexed.
Moreover, the statement of accounts is to be submitted on Form-D as provided in the Elections Act, 2017. Printed forms are available, free of cost, in the Election Commission Secretariat, Islamabad and in the offices of the Provincial Election commissioners, Punjab, Sindh, Khyber Pakhtunkhwa and Balochistan. Form-D/Performa for source of funds are also available on ECP’s Website.
A statement issued by the ECP says that overwriting should be avoided. The membership/certificate issued by the Institute of Chartered Accountants of Pakistan (ICAP) in respect of auditor engaged shall be annexed to the Form-D along with last valid renewal certificate.
The Form-D shall also accompany a legible copy of each of the bank statements for the period of 01.07.2022 to 30.06.2023 of the party, along with a bank reconciliation statement.
The subject statement shall be addressed to the Secretary, Election Commission of Pakistan, Constitution Avenue, G-5/2, Islamabad and shall be delivered through an office bearer of the party, duly authorised by the party head in terms of rule 156 of the Election Rules, 2017. Statements received through post, fax, courier service or any other mode shall not be accepted, the commission says.