Acceptance of Deposits by Indian Proprietorship Concern/Firm or Company

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....ve Bank) on non-repatriation basis from Non-resident Indian (NRI) or a Person of Indian Origin (PIO) A proprietorship concern or a firm in India and a company incorporated in India (including a non-banking finance company registered with Reserve Bank) may accept deposits on non-repatriation basis from NRIs or PIOs subject to the following conditions: (i) In the case of a company, the d....

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....) Rules, 2014. (v) The amount of deposit shall be received by debit to NRO account only, provided that the amount of the deposit shall not represent inward remittances or transfer of funds from NRE/ FCNR (B) accounts into the NRO account. (vi) The proprietorship concern/ firm/ company accepting the deposit should comply with the provisions of any other law, rules, regulations or ....