Section 19 Maintenance of accounts
Every personDefined in section 2(m): person includes— (i) an individual; (ii) a Hindu undivided family; (iii) an association; (iv) a company registered under section 25 of the Companies Act, 1956 (1 of 1956) who has been granted a certificateDefined in section 2(e): certificate means certificate of registration granted under sub section (3) of section 12 or given prior approval under this Act shall maintain, in such form and manner as may be prescribedDefined in section 2(o): prescribed means prescribed by rules made under this Act,—
(a) an account of any foreign contributionDefined in section 2(h): foreign contribution means the donation, delivery or transfer made by any foreign source,— (i) of any article, not being an article given to a person as a gift for his personal use, if the market value, in India, of such article, on the date of such gift, is not more than such sum as may be specified from time to ... received by him; and
(b) a record as to the manner in which such contribution has been utilised by him.