Acceptance of deposits by persons other than authorised dealer/ authorised bank

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..... r an Act of Parliament or State Legislature shall not accept deposits on repatriation basis from a non-resident Indian or a person of Indian origin. The company may, however, renew the deposits which had been accepted on repatriation basis from an NRI or a PIO subject to terms and conditions mentioned in Schedule 6. 2) A company registered under Companies Act, 2013 or a body corporate, a proprieta .....

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..... nment or any other regulatory authority, in regard to acceptance of deposits by issue of Commercial Paper; b) payment for issue of Commercial Paper is received by the issuing company by inward remittance from outside India through banking channels or out of funds held in a deposit account maintained by a Non- Resident Indian or a Person of Indian Origin in accordance with the Regulations made by R .....

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