https://www.taxtmi.com/acts?id=20785 Acceptance of deposits from NRIs and PIOs on a non-repatriation basis by Indian proprietorships, firms and companies is allowed subject to conditions: companies may accept deposits under private or public schemes; NBFCs must be RBI-registered and rated; maturity is limited and interest must follow RBI directions or the Companies Rules ceiling; funds must be credited to NRO accounts (excluding inward remittances or transfers from NRE/FCNR(B) accounts); recipients must comply with other applicable laws; deposits cannot be used for relending (except NBFCs), agricultural/plantation or real estate activities, or investments in such businesses; deposits are non-repatriable. en-us Thu, 07 Apr 2016 12:06:00 +0530 Mon, 16 Jun 2025 18:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20785 Acceptance of deposits from NRIs and PIOs on a non-repatriation basis by Indian proprietorships, firms and companies is allowed subject to conditions: companies may accept deposits under private or public schemes; NBFCs must be RBI-registered and rated; maturity is limited and interest must follow RBI directions or the Companies Rules ceiling; funds must be credited to NRO accounts (excluding inward remittances or transfers from NRE/FCNR(B) accounts); recipients must comply with other applicable laws; deposits cannot be used for relending (except NBFCs), agricultural/plantation or real estate activities, or investments in such businesses; deposits are non-repatriable. Act-Rules FEMA Thu, 07 Apr 2016 12:06:00 +0530 https://www.taxtmi.com/acts?id=20785