Acceptance of Deposits by Persons other than Authorised Dealer/ Authorised Bank

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Full Text of the Document

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....t of Parliament or State Legislature shall not accept deposits on repatriation basis from a non-resident Indian or a person of Indian origin. The company may, however, renew the deposits which had been accepted on repatriation basis from an NRI or a PIO subject to terms and conditions mentioned in Schedule 6. (2) A company registered under Companies Act, 2013 or a body corporate, a proprietary co....