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Restriction on use of Borrowed Funds

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Full Text of the Document

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.... (1) shall use such borrowed funds for any purpose except in his own business other than - (i) the business of chit fund, or (ii) as Nidhi Company, or (iii) agricultural or plantation activities or real estate business; or construction of farm houses or (iv) trading in Transferable Development Rights (TDRs). (2) shall use such borrowed funds for any investmen....

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