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of <h1>Indian companies can accept deposits from non-residents under Section 160 of the Companies Act, 2013 without FEMA restrictions.</h1> An Indian company can accept deposits from non-residents in compliance with section 160 of the Companies Act, 2013. Such transactions are considered current account transactions and are permitted without restrictions under the Foreign Exchange Management Act (FEMA), as of February 12, 2020.
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