TMI BlogSubstitution of new section for section 269SS- Mode of taking or accepting certain loans, deposits and specified sumX X X X Extracts X X X X X X X X Extracts X X X X ..... Mode of taking or accepting certain loans, deposits and specified sum 269SS. No person shall take or accept from any other person (herein referred to as the depositor), any loan or deposit or any specified sum, otherwise than by an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account, if,- (a) the amount of such loan or deposit o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any, post office savings bank or co-operative bank; (c) any corporation established by a Central, State or Provincial Act; (d) any Government company as defined in clause (45) of section 2 of the Companies Act, 2013 (18 of 2013); (e) such other institution, association or body or class of institutions, associations or bodies which the Central Government may, for reasons to be recorded in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gulation Act, 1949 (10 of 1949); (iii) loan or deposit means loan or deposit of money; (iv) specified sum means any sum of money receivable, whether as advance or otherwise, in relation to transfer of an immovable property, whether or not the transfer takes place. . - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India ..... X X X X Extracts X X X X X X X X Extracts X X X X
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