Reserve Bank of India Act, 1934 · Chapter IIIA: Collection and Furnishing of Credit Information · Institutions
Section 45NA: Deposits not to be solicited by unauthorised person
No person shall solicit on behalf of any non-banking institution either by publishing or causing to be published any prospectus or advertisement or in any other manner deposits of money from the public unless
(a) he has been authorised in writing by the said non-banking institution to do so and specifies the name of the institution which has so authorised him, and
(b) the prospectus or advertisement complies with any order made by the Bank under section 45J and with any other provision of law for the time being in force, applicable to the publication of such prospectus or advertisement.]
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 45NA
No Supreme Court judgment in our database cites this section yet.