Lecturer and Coach (School Edu. Dept.) Comp. Statement (I): The Presidential Election Rules require that a nomination paper must be signed by at least fifty electors as proposers and fifty electors as seconders. This statement is correct. Statement (II): According to the Presidential Elections Act, 1952, a candidate must deposit a sum of twenty-five thousand rupees as security deposit. Failure to secure a certain percentage of votes leads to forfeiture of this deposit. This statement is also correct.