Para 2 - Definition - Electoral Bond Scheme, 2018

2. Definition . In this Scheme, unless the context otherwise requires, (a) electoral bond means a bond issued in the nature of promissory note which shall be a bearer banking instrument and shall not carry the name of the buyer or payee; (b) authorised bank means the State Bank of India authorised to issue and encash the bonds in the branches specified in Annexure I to this notification; (c) issuing branch means a designated branch of the authorised bank specified in Annexure I for issuing electoral bonds; (d) person includes- (i) an individual; (ii) a Hindu undivided family; (iii) a company; (iv) a firm; (v) an association of persons or a body of individuals, whether incorporated or not; (vi) every artificial juridical person, not falling within any of the preceding sub-clauses; and (vii) any agency, office or branch owned or controlled by such person.