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Acceptance of deposits by persons other than authorised dealer/ authorised bank

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Full Text of the Document

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....n Act of Parliament or State Legislature shall not accept deposits on repatriation basis from a non-resident Indian. (2) A company registered under Companies Act, 1956 or a body corporate created under the Act of Parliament or State Legislature may renew the deposits which had been accepted on repatriation basis from a non-resident Indian subject to terms and conditions mentioned in Schedule 6. ....

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