Kohima, March 12 (DIPR): All intending candidates for the upcoming LS polls have been informed that a separate bank account is to be opened exclusively for the purpose of election expenditure. This account shall be opened at least one day before the date on which the candidate files his nomination papers. All transactions related to election expenditure have to be done through solely this account. The bank account can be opened either in the name of the candidate or in the joint name with his election agent, for the purpose of election expenditure. The candidates are required to deposit the entire amount meant for election expenses in the separate bank account, opened for the purpose of election, and all their election expenses are to be incurred from the said account. The banks are requested to assist the candidates and facilitate prompt service to the candidates in opening of bank accounts. They should also allow withdrawals and deposits from the said account on priority during the election period.
