(d) prohibits any invitation or acceptance of deposits from persons other than its members, directors or their relatives
Hence Company can't Accept Public Deposit
But
You can Make Practical Public Invitation by Cracking these Line and Proving that the Invitation is not Public : Section 67(3)
"
(3) No offer or invitation shall be treated as made to the public by virtue of sub-section (1) or sub-section (2), as the case may be, if the offer or invitation can properly be regarded, in all the circumstances—
(a) as not being calculated to result, directly or indirectly, in the shares or debentures becoming available for subscripttion or purchase by persons other than those receiving the offer or invitation; or
(b) otherwise as being a domestic concern of the persons making and receiving the offer or invitation:
1[Provided that nothing contained in this sub-section shall apply in a case where the offer or invitation to subscribe for shares or debentures is made to fifty persons or more:
"