Reserve Bank power to regulate or prohibit housing finance companies' deposit solicitations, with conditions for permitted prospectuses and ads. The Reserve Bank may, if it considers necessary in the public interest and by general or special order, regulate or prohibit any prospectus or advertisement issued by a housing finance institution company that solicits deposits from the public, and may specify the conditions under which any such prospectus or advertisement, if not prohibited, may be issued.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reserve Bank power to regulate or prohibit housing finance companies' deposit solicitations, with conditions for permitted prospectuses and ads.
The Reserve Bank may, if it considers necessary in the public interest and by general or special order, regulate or prohibit any prospectus or advertisement issued by a housing finance institution company that solicits deposits from the public, and may specify the conditions under which any such prospectus or advertisement, if not prohibited, may be issued.
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