GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF COMPANY AFFAIRS
New Delhi the 29th September, 2003
G.S.R. 775(E).-In exercise of the powers conferred by sub-section (1) of section 637A of the Companies Act,1956 (1 of 1956), the Central Government hereby amends the notification of the Government of India in the erstwhile Ministry of Law, Justice and Company Affairs (Department of Company Affairs) number G.S.R. 555 (E) dated the 26th July, 2001 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), dated the 26th July, 2001, namely:-
In the said notification, in paragraph 1, in clause (f), in sub-clause (i), for item (B), the following item shall be substituted, namely-
“(B) offer interest on fixed and recurring deposits not exceeding the maximum rate of interest prescribed by the Reserve Bank of India that the Non Banking Financial Companies can pay on their public deposits;”.
[ F.No. 5/12/2001-CL-V ]