Reserve Bank of India Act : Bank to regulate or prohibit issue of prospectus or advertisement soliciting

Reserve Bank of India Act,1934

Act No : 2

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

45J. 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.