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Accountnat
24 Points Posted on 03 January 2016
Can Proprietorship collect deposit as unsecured loan from public?
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On 03 January 2016 at 18:05 Report
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advocate
62 Points Posted on 26 January 2016
It should not,as per sebi .read sahara case.
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On 26 January 2016 at 15:39
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advocate
62 Points Posted on 26 January 2016
It should not,as per sebi .read sahara case.
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On 26 January 2016 at 15:40
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CA
7205 Points Posted on 01 February 2016

Only banks, NBFCs are allowed to collect deposits from the public. An individual or firm an unincorporated association of individuals shall, accept any deposit as per section 45S of RBI Act.

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On 01 February 2016 at 10:32

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