Amendment status not verified — confirm the current text below against the official source.
Powot ol Cotqalro,, to borToifl - (f ) fil3 CoapoEtidt tnay, sut'iec{ to sudr corditbns I m€y be pfGcrt ed h thb bohalt' botrow tnonoy roquired lor carrying od ths pllrpocos ol lhis Aai ,rcm tho public o' olhortis€ or ,rom any Corporation owoed ot controlled by lhe Cenltal or State Govomments or troan any oiller fnancial krstitutio'ls' (2) All monays bofiolved unde, sub-ssction ('l) may' if requirod' be guaranteed by thc Govemm€nt as lo the tepayrneot o' pdncipal and the paymenl of interest at strh rales and on such cooditions as the Govemmenl may determins at tha time lhe rnonoys are bo'ro€d' Explanatbn - l|€ Qrpressbn 'to bonow money' wilh all its glamrnatical variations and cognale exprossions inclt des acceptance of deposits nol being deposils accepted undet section 16, kom the public 'or a specified period and payment of intelest lhereon to the depositors at specitied rat€s'