Question ID : 38024

Unregulated deposit ordinance 2019

Whether Unregulated deposit Ordinance will have any effect on small businesses taking deposits/loans from Relatives/nonrelatives in their books of accounts. I feel this ordinance has been brought only to prohibit deposit from Public by only those entities whose primary business is accepting deposits from people on the pretext of returning with heavy interest etc. Please clarify

posted by Mahesh Kumar on Mar 8 2019 12:00AM