ECP asks political parties to file assets’ statement till Aug 29

ISLAMABAD: The Election Commission of Pakistan (ECP) again Tuesday reminded the political parties to file their statement

of accounts for financial year 2018-19 on or before August 29.

Political parties are required 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 file with ECP their statement of accounts every year.

It may be recalled that Section 210 of the Elections Act, 2017 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: (a) Annual income and expenses; (b) Sources of its funds; and (c) 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: (a) No funds from any source prohibited under the Elections Act, 2017 were received by the political party; and (b) The statement contains an accurate financial position of the political party.