https://www.taxtmi.com/acts?id=2262 Acceptance of deposits on a non repatriation basis from NRIs by Indian proprietorships, firms and companies is permitted subject to conditions: companies may accept deposits privately or publicly; non banking finance companies must meet registration and credit rating requirements; deposits must be received by debit to an NRO account only and are not repatriable; interest rates and maturity limits are governed by applicable regulatory ceilings and directions; and accepted deposits are restricted from reuse for relending, agricultural/plantation activities, real estate business, or investment in entities engaged in those activities. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 20 Jun 2025 12:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2262 Acceptance of deposits on a non repatriation basis from NRIs by Indian proprietorships, firms and companies is permitted subject to conditions: companies may accept deposits privately or publicly; non banking finance companies must meet registration and credit rating requirements; deposits must be received by debit to an NRO account only and are not repatriable; interest rates and maturity limits are governed by applicable regulatory ceilings and directions; and accepted deposits are restricted from reuse for relending, agricultural/plantation activities, real estate business, or investment in entities engaged in those activities. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2262