Bare ActsThe Reserve Bank of India Act, 1934

Section 45J

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

Amendment status not verified — confirm the current text below against the official source.

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.

Section 45J – The Reserve Bank of India Act, 1934 | DailyLaw.ai