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Union of India - Section

Section 45J in The Reserve Bank of India Act, 1934

45J. Bank to regulate or prohibit issue of prospectus or adver­tisement soliciting deposits of money.—

The Bank may, if it consider necessary in the public interest so to do, by general or special order,—
(a)regulate or prohibit the issue by any non-banking institution of any prospectus or advertisement soliciting deposits of money from the public, and
(b)specify the conditions subject to which any such prospectus or advertisement, if not prohibited, may be issued.