ON February 2, 2018 the Supreme Court of India has sought a response from Union of India and the Election Commission in the petition filed by the CPI(M) challenging the constitutionality of the introduction of electoral bonds by the Finance Act, 2017.The Finance Act, 2017 amended four different statues, namely the Reserve Bank of India Act 1934, The Representation of Peoples Act 1951, The Income Tax Act 1961 and the Companies Act, 2013 to introduce the concept of electoral bonds.