Sec. 269 ss
This query is : Resolved
Santosh Nalawade
(Querist)
04 June 2016
dear all,
does sec. 269 SS applicable on deposits accepted by banks from saving / current / fixed deposit account holders.
CA SUNIL K GARG
(Expert)
04 June 2016
the section does not apply to banking company. hence they can accept deposite in cash.
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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