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of <h1>RBI Officers Authorized to Act Against Companies Inviting Deposits Without Ads Under Companies Act, 1956, Section 621</h1> The notification GSR 475(E), dated September 26, 1978, under the Companies Act, 1956, authorizes specific officers from the Department of Non-Banking Companies, Reserve Bank of India, to take action against companies inviting deposits without advertisement. The designated officers include the Chief Officer, Deputy Chief Officer, and Assistant Chief Officers. This authority is granted under the powers of sub-section (1) of section 621 of the Companies Act, 1956, concerning offenses punishable under sub-section (6) of section 58A.
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