Political parties to lose recognition over failure to submit financial statements

Date:

By: Isuru Parakrama

Colombo (LNW): The Election Commission has decided to terminate the recognition awarded to political parties which had failed to submit their financial statements.

The Commission’s action may result in certain political parties being ended up as political movements not accepted as parties eligible to contest any election.

Accordingly, the Election Commission has decided to call for a report on the parties that have failed to submit their financial statements, pointing out that their decision comes in as certain political groups have failed to submit their statements since 2021.

It added that these political groups were informed to submit their 2021 financial statements within a period of 14 days, of which the deadline was last week.

Share post:

spot_imgspot_img

Popular

More like this
Related

Emergency IMF Loan Tests Sri Lanka’s Reform Credibility

Emergency IMF Loan Tests Sri Lanka’s Reform Credibility

A Test of Policy Credibility: Economics Behind Malwathu Oya Revival

A Test of Policy Credibility: Economics Behind Malwathu Oya Revival

Cost Pressures Reshape Sri Lanka’s IT-BPO Growth Model

Cost Pressures Reshape Sri Lanka’s IT-BPO Growth Model

Global Competition Pushes Sri Lanka Tech Sector to Rethink Rewards

Global Competition Pushes Sri Lanka Tech Sector to Rethink Rewards