Prohibition on acceptance of deposits from public.

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....ed 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 India, specify in this behalf. (2) A company may, subject to the passing of a resolution in genera....

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....tatement with the Registrar within thirty days before the date of issue of the circular; (c) depositing such sum which shall not be less than fifteen per cent. of the amount of its deposits maturing during a financial year and the financial year next following, and kept in a scheduled bank in a separate bank account to be called as deposit repayment reserve account; (d) providing such deposit ....