Appeal for support

Monday, March 5, 2007
Appeal for Support - www.loksattaparty.org
I got this mail yesterday from Mr. Jayaprakash Narayan, National Coordinator, LOK SATTA Party and thought of sharing this with you all. He has not asked me to forward the message and I am not asking you to join the party or contribute.. its just I am sharing this info...
this is FYI only.
Appeal for Support
Dear Friend,
We are pleased to inform you that Lok Satta Party (LSP), launched on October 2, 2006, has been officially registered by the Election Commission. Our party?s goals are national and transcend religion, caste, region, and language. We are focusing on Andhra Pradesh (AP) for the time being because we believe that the viability of a new political culture must first be established in one major state. Nearly 200,000 reform minded citizens have already become party members; chapters have been established in every district and most towns of AP. (The latest developments, reports, and media coverage on the party?s activities can be accessed at www.loksattaparty.org. Information is availably primarily in English and Telugu, and sometimes in Hindi and Urdu.)It is a well-known fact that mainstream political parties in India depend on illegal money and muscle power. They disclose only a paltry sum of a few crores, while concealing fundraising to the tune of hundreds of crores. One of the main objectives of LSP is to change this political culture and make politics the noble endeavour it ought to be. Lok Satta will be the first mainstream Indian political party to raise and deploy funds in a fully transparent manner, as per the letter and spirit of the law. All expenditure by LSP and its electoral candidates will be strictly within legal limits and used only for legitimate campaigning purposes. Lok Satta?s success depends upon a broad coalition of Indian citizens who are committed to ushering in a new age of politics in our country. To bring this change to fruition Lok Satta Party needs your intellectual, moral, and more importantly financial support. We encourage you to commit your time and resources; your monetary contributions are crucial for our activities. All contributions to the party are fully exempt from income tax under the Indian law. There is no legal limit on individual contributions and Indian citizens, wherever they live, can contribute to LSP by:? Sending a cheque/Demand Draft in favour of Lok Satta Party and addressed to our mailing address provided below.? Transferring funds from anywhere in the world through secure wire/online/credit card transfers to LSP?s bank account in Hyderabad, India. You can also use this facility to easily set up recurring contributions from your bank account to LSP?s account.Please see attached note for an explanation of various contribution options and for legal and regulatory reminders. All contributions to LSP will be duly acknowledged with a formal receipt and tax exemption documents. The party will fully comply with the legal disclosure requirements. Contributors who wish to have their name and/or contribution amount publicly disclosed via our online and print reports can inform us of this choice. The financial accounts of LSP will be audited and available for public scrutiny on a permanent basis.All active members of LSP will contribute a fixed percentage of their annual income to support party activities. Lok Satta Party is determined to make tangible differences in our society and politics. With your help we can create a credible, democratic, and effective platform. Join us in our struggle for good governance and clean politics. Please do circulate this letter to your friends who wish to support the cause of a better democracy.With warm regards,Jayaprakash NarayanNational CoordinatorLOK SATTA Party(Please see next two pages for directions for Indian citizens residing in India and Indian citizens residing abroad)Lok Satta Party, H.No. 5-10-180/A&A1, Bandline, Adarsh Nagar, Hyderabad- 500 063Tel: (+91) ?040 - 2323 - 2829 / 2711 / 1818 / 3637/ 2329 9227;Email: info@loksattaparty.com; Url: www.loksattaparty.org
Contribute to Lok Satta Party today!
(Contributions from Indian income are fully exempt from income tax)
Indian citizens residing outside India can contribute in any of the following ways:Direct & Secure Online Bank Deposit / Wire Transfer / Credit Card TransferAccount Number : 020205001973 Account in the name of : Lok Satta PartyType of Account : Current Account Bank : ICICI Bank Branch : Punjagutta, Hyderabad ? 500 082Address : Lok Satta Party, 5-10-180/A & A1, Bandline, Adarsh Nagar, Hyderabad ? 500 063. AP, IndiaTel : (+91) ?040 - 2323 - 2829 / 2711 / 1818 / 3637; 2329 9227; Fax : (+91) 040? 2323 ? 0111 E- mail : info@loksattaparty.com URL: www.loksattaparty.com or www.loksattaparty.orgNote: 1. After transferring funds to LSP?s Indian bank account, please send/email us your name and complete contact address with transaction code details of your contribution. This will enable us to send you the receipt/acknowledgment.2. Non-resident Indians should declare that their contribution is made from their own resources, and is not raised from foreign sources. Please visit www.loksattaparty.org/contribute for sample declaration form that you can simply fill out and email/post to us. 3. Non-resident Indians can claim tax exemption only on their Indian income.
Overseas Check / Demand Draft / Money order In Favour of : Lok Satta Party Payable at : Hyderabad, AP, IndiaAddress : Lok Satta Party, 5-10-180/A & A1, Bandline, Adarsh Nagar, Hyderabad ? 500 063. AP, IndiaTel : (+91) ?040 - 2323 - 2829 / 2711 / 1818 / 3637; 2329 9227; Fax : (+91) 040? 2323 ? 0111 E- mail : info@loksattaparty.com URL: www.loksattaparty.com or www.loksattaparty.orgNote: 1. Please provide your name and complete contact address with phone and email ID to enable us to send you the receipt/acknowledgment.2. Non-resident Indians should declare that their contribution is made from their own resources, and is not raised from foreign sources. Please visit www.loksattaparty.org/contribute for sample declaration form that you can simply fill out and email/post to us.Non-resident Indians can claim tax exemption only on their Indian income.
Important Legal and Regulatory Reminders 1. As per Sections 80GGB and 80GGC of the Indian Income-Tax Act (1961), the entire sum contributed by an Indian company or individual to any political party is eligible for deduction while computing the income tax.2. As per Section 293A of the Companies Act (1956), a private Indian company/association/firm/corporation can contribute to a political party or for political purpose an amount not exceeding 5% of its net profit averaged over the immediate three preceding financial years. The entire such contribution is tax exempt.3. As per 29C of The Representation of People Act (1951), all contributions (individual or corporate) made in excess of twenty thousand rupees have to be reported to the Election Commission.Please read the relevant provisions carefully for complete details; they are uploaded at our website www.loksattaparty.org for your convenience.
Contribute to Lok Satta Party today!(All contributions are fully exempt from income tax in India)
Those residing in India can contribute in any of the following manner:Cheque / Demand Draft / Money orderIn Favour of : Lok Satta Party Payable at : Hyderabad Address : Lok Satta Party, 5-10-180/A & A1, Bandline, Adarsh Nagar, Hyderabad ? 500 063. AP, IndiaTel : 040 - 2323 - 2829 / 2711 / 1818 / 3637; 2329 9227; Fax : 040? 2323 ? 0111 E- mail : info@loksattaparty.com URL: www.loksattaparty.com or www.loksattaparty.orgNote: Please provide your name and complete contact address along with phone and email ID to enable us to send you the receipt/acknowledgment.Direct & Safe Bank Deposit / Secure Wire TransferYou can directly deposit/transfer the desired amount from your bank account to Lok Satta Party?s bank account in a secure and easy manner:Account Number : 020205001973 Account in the name of : Lok Satta PartyType of Account : Current Account Bank : ICICI Bank Branch : Punjagutta, Hyderabad ? 500 082Note: 1. You can easily set up either a one-time deposit or recurring (monthly, for instance) deposits from your bank account to LSP?s current account. Contact your bank representative today. 2. This service is normally free of charge for all ICICI bank customers. Please visit www.icicibank.com to make your contribution today. 3. After transferring funds to LSP account, please send/email us your name and complete contact address with transaction code details of your contribution. This will enable us to confirm your contribution and send you the receipt/acknowledgment.Address : Lok Satta Party, 5-10-180/A & A1, Bandline, Adarsh Nagar, Hyderabad ? 500 063. AP, IndiaTel : 040 - 2323 - 2829 / 2711 / 1818 / 3637; 2329 9227; Fax : 040? 2323 ? 0111 E- mail : info@loksattaparty.com URL: www.loksattaparty.com or www.loksattaparty.org
Important Legal and Regulatory Reminders:1. As per Sections 80GGB and 80GGC of the Income-Tax Act (1961), the entire sum contributed by an Indian company or individual to any political party is eligible for deduction while computing the income tax.2. As per Section 293A of the Companies Act (1956), a private Indian company/association/firm/corporation can contribute to a political party or for political purpose an amount not exceeding 5% of its net profit averaged over the immediate three preceding financial years. The entire such contribution is exempt from income tax.3. As per 29C of The Representation of People Act (1951), all contributions (individual or corporate) made in excess of twenty thousand rupees have to be reported to the Election Commission.Please read the relevant provisions carefully for complete details; they are uploaded at our website www.loksattaparty.org for your convenience
6:46:37 PM
Posted By Pulak Barua Comments (1) Politics
Comments
K.Venugopal Monday, March 5, 2007 11:49:19 PM
Why does Mr. Jayaprakash Narayan say, "To bring this change to fruition Lok Satta Party needs your intellectual, moral, and MORE IMPORTANTLY FINANCIAL support? Someone who ranks financial support higher than intellectual and moral support is a wee bit too pragmatic for me.