Is there any exception where the provision of Section 269SS shall not apply?

Ans. There is no restriction to take or accept any loan or deposit or specified sum in the impermissible mode from or by any of the following:

• Government;
• Any banking company, post office saving bank, or co-operative bank;
• Any corporation established by a Central, State, or Provincial Act;
• Any government company defined under section 2(45) of the Companies Act, 2013; or
• Any other notified institutions, associations, or body, or class of institutions, associations, or bodies.​