Restriction on use of borrowed funds

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Full Text of the Document

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....ds 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 investment, whether by way of capital or otherwise, in any company or....