Section 45NA: Deposits not to be solicited by unauthorised person.

The Reserve Bank of India Act, 1934Central Act · Act 2 of 1934

[45NA. Deposits not to be solicited by unauthorised person.--No person shall solicit on behalf of any non-banking institution either by publishing or causing to be published any prospectus or advertisement or in any other manner deposits of money from the public unless

(a) he has been authorised in writing by the said non-banking institution to do so and specifies the name of the institution which has so authorised him, and

(b) the prospectus or advertisement complies with any order made by the Bank under section 45J and with any other provision of law for the time being in force, applicable to the publication of such prospectus or advertisement.]

Where this provision sits

Act	The Reserve Bank of India Act, 1934
Section	45NA
Marginal note	Deposits not to be solicited by unauthorised person.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

inserted. . Ins. by s. 21, ibid. (w.e.f. 13-12-1974).

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