3. In the context of ‘Electoral Trusts’, seen in the news recently, which of the following statements is/are correct?
1. Electoral Trusts are non-profit organizations formed for the sole purpose of making donations to political parties.
2. Electoral Trusts can receive contributions from Indian citizens as well as Foreign Entities.
3. Electoral Trusts are registered under Section 25 of the Companies Act, 1956.
Select the correct answer using the code given below.