Section 45J of the Reserve Bank of India Act, 1934 – Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money

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Section 45J: Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money

The Bank may, if it consider 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.

Source: official text of The Reserve Bank of India Act, 1934 as published on India Code (PDF). All sections of the Reserve Bank of India Act, 1934.

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