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Sec. 269 ss

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(Querist)
04 June 2016 dear all, does sec. 269 SS applicable on deposits accepted by banks from saving / current / fixed deposit account holders.
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CA SUNIL K GARG

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CA SUNIL K GARG (Expert)
04 June 2016 the section does not apply to banking company. hence they can accept deposite in cash.
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Rupesh Jain

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Rupesh Jain (Expert)
08 June 2016 no this section not applicable they are doing business of the money taking and lending.
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