Prohibition on public deposits: companies may accept member deposits under safeguards and reserve account requirement. Companies are prohibited from accepting public deposits except as provided; they may accept deposits from members only after a members' resolution and compliance with prescribed conditions: issuing and filing a circular with specified financial disclosures, maintaining a deposit repayment reserve account in a scheduled bank at the prescribed level, providing deposit insurance, certifying no prior default, and providing security or labelling deposits as unsecured. Such deposits must be repaid with interest per agreed terms and depositors may apply to the Tribunal for recovery on default.