ans_9420_1951917495 | International IDEA

Date:


Sri Lanka

Answer

No

Source

Source: 

Section 5 (1), Regulation of Election Expenditure Act, No. 3 of 2023

5. (1) A recognized political party, an independent group and a candidate at an election conducted under any law specified in section 2, shall not, directly or indirectly accept or receive a donation or contribution whether such donation or contribution is in cash or kind from-
(a) a government department, a public corporation or a company incorporated under the Companies Act, No.7 of 2007 or under any former written law relating to companies in which the government or a public corporation owns any shares; 
(b) a foreign government, an international organization or a body corporate incorporated or registered outside Sri Lanka; 
(c) a company incorporated in Sri Lanka under the Companies Act, No. 7 of 2007 or under any former written law relating to companies where the foreign shareholding in such company, either direct or indirect, is fifty percent or above; or 
(d) any person whose identity is not disclosed, for the purpose of promoting or procuring the election of such recognized political party, independent group or candidate at such election.
 https://www.parliament.lk/uploads/acts/gbills/english/6287.pdf 

Comment

Corporate donations to political parties are not banned for all corporates. The law only bans donations from companies where the government or a public corporation owns any shares, or companies with 50% or more foreign ownership. Other corporations may still legally donate.

Share post:

Subscribe

Popular

More like this
Related

Why the transition beyond fossil fuels depends on cities and collective action

Irene Vélez Torres is Colombia’s Minister of Environment...

New Report Highlights Regenerative Organisational Development as Critical Support for Ukrainian Civil Society in Wartime

A new report, Beyond Survival: Regenerative Organisational Development...

Campaigning for inclusive democracy worldwide

Advocacy remained a central pillar of International IDEA’s...