The Foreign Contribution (Regulation) Rules, 2011

Rule 2 Definitions

Chapter: I · Rules

(1) In these rules unless the context otherwise requires,—

(a) "Act" means the Foreign Contribution (Regulation) Act 2010;

1(aa) "bank account" means a bank account in a core banking compliant bank, which is integrated with the Public Financial Management System (PFMS)

(b) "chartered accountant" shall have the meaning assigned to it in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949;

2(ba) "electronic form" shall have the same meaning assigned to it in clause (r) of sub-section (1) of section 2 of the Information Technology Act, 2000 (21 of 2000);

3(ca) "key functionary", in relation to a person other than an individual, includes—

3(i) the Director of a company;

3(ii) a partner in a firm;

3(iii) a trustee of a trust;

3(iv) the Karta of a Hindu undivided family;

3(v) an office bearer, member of the governing body, managing committee or other controlling authority of a society, trust, trade union or association of individuals; and

3(vi) any other officer or person, by whatever name called, who has control over, or responsibility for the management or affairs of such person;

(d) "section" means section of the Act;

(e) "year" means the financial year commencing from the 1st day of April and ending on the 31st day of March of the next calendar year;

2(f) "FCRA Account" means the FCRA Account referred to in section 17 of the Act.

(2) Words and expressions used and not defined herein but defined in the Act shall have the meaning assigned to them in the Act.

1. Ins. by G.S.R. 199(E), dated 7th March, 2019 (Foreign Contribution (Regulation) Amendment Rules, 2019).

2. Ins. by G.S.R. 695(E), dated 10th November, 2020 (Foreign Contribution (Regulation) (Amendment) Rules, 2020).

3. Ins. by S.O. 3272(E), dated 22nd June, 2026 (Foreign Contribution (Regulation) Amendment Rules, 2026).

2. Definitions.—(1) In these rules unless the context otherwise requires,—

(a) "Act" means the Foreign Contribution (Regulation) Act 2010;

[(aa) "bank account" means a bank account in a core banking compliant bank, which is integrated with the Public Financial Management System (PFMS)]

(b) "chartered accountant" shall have the meaning assigned to it in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949;

[(ba) "electronic form" shall have the same meaning assigned to it in clause (r) of sub-section (1) of section 2 of the Information Technology Act, 2000 (21 of 2000);]

[(ca) "key functionary", in relation to a person other than an individual, includes—
    (i) the Director of a company;
    (ii) a partner in a firm;
    (iii) a trustee of a trust;
    (iv) the Karta of a Hindu undivided family;
    (v) an office bearer, member of the governing body, managing committee or other controlling authority of a society, trust, trade union or association of individuals; and
    (vi) any other officer or person, by whatever name called, who has control over, or responsibility for the management or affairs of such person;]

(d) "section" means section of the Act;

(e) "year" means the financial year commencing from the 1st day of April and ending on the 31st day of March of the next calendar year;

[(f) "FCRA Account" means the FCRA Account referred to in section 17 of the Act.]

(2) Words and expressions used and not defined herein but defined in the Act shall have the meaning assigned to them in the Act.

1. Ins. by G.S.R. 199(E), dated 7th March, 2019 (Foreign Contribution (Regulation) Amendment Rules, 2019).
2. Ins. by G.S.R. 695(E), dated 10th November, 2020 (Foreign Contribution (Regulation) (Amendment) Rules, 2020).
3. Ins. by S.O. 3272(E), dated 22nd June, 2026 (Foreign Contribution (Regulation) Amendment Rules, 2026).