India, March 14 -- The electoral bond scheme notified last year by the Centre will remain anonymous to maintain the privacy of its buyer although the identity can be disclosed before a competent court or upon registration of a criminal case by any law enforcement agency, the National Democratic Alliance government told the Supreme Court on Thursday.

The Centre said this in an affidavit filed before the top court defending electoral bonds. The affidavit was in response to a petition filed by the CPI (M) questioning the law that permits "unlimited and anonymous" corporate funding of elections by way of electoral bonds.

Electoral Bonds were introduced after changes in the Finance Act 2017; there was related amendments in the Income Tax Act...