Section 45NA. Deposits not to be solicited by unauthorised person

2[ 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.] 3[ 45NAA. Power in respect of group companies. — (1) The Bank may, at any time, direct a nonbanking financial company to annex to its financial statements or furnish separately, within such time and at such intervals as may be specified by the Bank, such statements and information relating to the business or affairs of any group company of the non-banking financial company as the Bank may consider necessary or expedient to obtain for the purposes of this Act. (2) Notwithstanding anything to the contrary contained in the Companies Act, 2013 (18 of 2013), the Bank may, at any time, cause an inspection or audit to be made of any group company of a non-banking financial company and its books of account. Explanation . — For the purposes of this section, — (a) "group company" shall mean an arrangement involving two or more entities related to each other through any of the following relationships, namely: — (i) subsidiary — parent (as may be notified by the Bank in accordance with Accounting Standards); (ii) joint venture (as may be notified by the Bank in accordance with Accounting Standards); 1. Subs. by Act 51 of 1974, s. 20, for sub-section (1) (w.e.f. 13-12-1974). 2. Ins. by s. 21, ibid . (w.e.f. 13-12-1974). 3. Ins. by Act 23 of 2019, s. 141 (w.e.f. 9-8-2019). (iii) associate (as may be notified by the Bank in accordance with Accounting Standards); (iv) promoter-promotee (under the Securities and Exchange Board of India Act, 1992 (15 of 1992) or the rules or regulations made there under for listed companies); (v) related party; (vi) common brand name (that is usage of a registered brand name of an entity by another entity for business purposes); and (vii) investment in equity shares of twenty per cent. and above in the entity; (b) "Accounting Standards" means the Accounting Standards notified by the Central Government under section 133, read with section 469 of the Companies Act, 2013 (18 of 2013) and sub-section (1) of section 210A of the Companies Act, 1956 (1 of 1956).] 1 [ 45NB. Disclosure of information.— (1) Any information relating to a non-banking financial company, — (3) Notwithstanding anything contained in this Act or in any other law for the time being in force, the Bank, if it is satisfied that, in the public interest or in the interest of the depositors or the non-banking financial company or to prevent the affairs of any non-banking financial company being conducted in a manner detrimental to the interest of the depositors, it is expedient so to do, may, either on its own motion or on being requested, furnish or communicate any information relating to the conduct of business by any non-banking financial company to any authority constituted under any law. (4) Notwithstanding anything contained in any law for the time being in force, no court or tribunal or other authority shall compel the Bank to produce or to give inspection of any statement or other material obtained by the Bank under any provisions of this chapter.]