Regulation 7(1) - Acceptance of deposits by a company incorporated in India (including a non-banking finance company registered with Reserve Bank) on repatriation basis from a non-resident Indian or a person of Indian origin resident outside India.

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..... SCHEDULE 6 [See Regulation 7(1)] Acceptance of deposits by a company incorporated in India (including a non-banking finance company registered with Reserve Bank) on repatriation basis from a non-resident Indian or a person of Indian origin resident outside India. A company incorporated in India (including a non-banking finance company registered with the Reserve Bank) may accept d .....

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..... payable on deposits shall be in conformity with the guidelines/directions issued by Reserve Bank for such companies. In other cases the rate of interest payable on deposits shall not exceed the ceiling rate prescribed from time to time under the Companies (Acceptance of Deposit) Rules, 1975. (v) The maturity period of deposits shall not exceed 3 years. (vi) The company accepting t .....

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..... investing in any other concern, firm or a company engaged in or proposing to engage in agricultural/plantation activities or real estate business. (x) The repayment of the deposit may be made by the company to the depositor by remittance from India through an authorised dealer or by credit to the depositor's NRE/FCNR(B) account maintained with an authorised dealer in India, provided th .....

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