Rules and Regulations of India

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Section 2 – NON-BANKING FINANCIAL COMPANIES AND MISCELLANEOUS NON-BANKING COMPANIES (ADVERTISEMENT) RULES,1977

2. Definitions

In these Rules, unless the context otherwise requires-

 

(a) “deposit” has the meaning assigned to it in the directions;

 

(b) “directions” means the Non-banking Financial Companies (Reserve Bank) Directions, 1977, or, as the case may be, the Miscellaneous Non-banking Companies (Reserve Bank) Directions, 1977;

 

(c) “miscellaneous non-banking company” has the meaning assigned to it in clause (g) of paragraph 3 of the Miscellaneous Non-banking Companies (Reserve Bank) Directions, 1977;

 

(d) “non-banking financial company” has the meaning assigned to it in clause (1) of sub-paragraph (1) of paragraph 2 of the Non-banking Financial Companies (Reserve Bank) Directions, 1977 2[and includes any other company, which is a financial institution, to which the aforesaid directions apply under paragraph 19 thereto].

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