Acceptance of public deposits cash/cheque

An individual is running a gold jewellery business under " proprietorship" and also has Bombay Money-lender's license on his own name.


1. Can this Individual accept "Public Deposits in Cash/Cheque/DD " by doing public advertisements , for business purposes ?

2. Can this Individual accept " Public Deposits in the form of Gold " by doing public advertisements , for business purposes?

Kindly support your answer with government article..

Thanks

Niraj