Section 45MB: Power of Bank to prohibit acceptance of deposit and alienation of assets

If the Bank is satisfied that in the public interest or in the interest of the depositors of a non-banking financial company it is necessary so to do, the Bank may, by order in writing, prohibit the non-banking financial company from accepting any deposit.
The Bank may also, by order in writing, direct the non-banking financial company against which an order has been issued under sub-section (1) not to sell, transfer, create a charge on, or otherwise deal with its property and assets without the prior written permission of the Bank.

If the Bank is satisfied that in the public interest or in the interest of the depositors of a non-banking financial company it is necessary so to do, the Bank may, by order in writing, prohibit the non-banking financial company from accepting any deposit.
The Bank may also, by order in writing, direct the non-banking financial company against which an order has been issued under sub-section (1) not to sell, transfer, create a charge on, or otherwise deal with its property and assets without the prior written permission of the Bank.

If the Bank is satisfied that in the public interest or in the interest of the depositors of a non-banking financial company it is necessary so to do, the Bank may, by order in writing, prohibit the non-banking financial company from accepting any deposit.
The Bank may also, by order in writing, direct the non-banking financial company against which an order has been issued under sub-section (1) not to sell, transfer, create a charge on, or otherwise deal with its property and assets without the prior written permission of the Bank.

If the Bank is satisfied that in the public interest or in the interest of the depositors of a non-banking financial company it is necessary so to do, the Bank may, by order in writing, prohibit the non-banking financial company from accepting any deposit.
The Bank may also, by order in writing, direct the non-banking financial company against which an order has been issued under sub-section (1) not to sell, transfer, create a charge on, or otherwise deal with its property and assets without the prior written permission of the Bank.