Notification No. DNBS. 130/CGM(VSNM)-98 dated December 18, 1998.

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Notification No. DNBS. 130/CGM(VSNM)-98 dated December 18, 1998.

In exercise of the powers conferred by sub-section (1A) of section 45MA of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs that the directions contained in Notification No.DFC.117/DG(SPT)/98 dated January 2,1998 stand amended with immediate effect, as follows, namely

In In paragraph 3, in sub-paragraph (B), after clause (i), the following clause (ia) shall be inserted, namely, -

"(ia) whether the public deposit held by the company in excess of the quantum of such deposit permissible to it under the provisions of Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998 are regularised in the manner provided in the directions."

Sd/-
( V. S. N. MURTY)
CHIEF GENERAL MANAGER