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Section 45 J – Reserve Bank of India Act,1934

Reserve Bank of India Act,1934

Section 45 J. Section

Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money.

]

The bank may, if it considers necessary in the public interest so to do, by general or special order-

(a) Regulate or prohibit the issue by any non-banking institution of any prospectus or advertisement soliciting deposits of money from the public; and

(b) Specify the conditions subject to which any such prospectus or advertisement, if not prohibited, may be issued.

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Reserve Bank of India Act,1934

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