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Prohibition on acceptance of deposits from public.

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....from the public except in a manner provided under this Chapter:             Provided that nothing in this sub-section shall apply to a banking company and non- banking financial company as defined in the Reserve Bank of India Act, 1934 (2 of 1934). and to such other company as the Central Government may, after consultation with the Reserve Bank of....

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....ect of any previous deposits accepted by the company and such other particulars in such form and in such manner as may be prescribed;           (b) filing a copy of the circular along with such statement with the Registrar within thirty days before the date of issue of the circular;           (c) depositing such ....

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Full Text of the Document

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....st thereon including the creation of such charge on the property or assets of the company:                Provided that in case where a company does not secure the deposits or secures such deposits partially, then, the deposits shall be termed as ''unsecured deposits'' and shall be so quoted in every circular, form, advertisement or in....