Reserve Bank of India Act, 1934
45J. Bank to regulate or prohibit issue of prospectus or
advertisement soliciting deposits of money
The bank may, if it considers necessary in the public interest
so to do, by general or special order-
(a) regulate or prohibit the issue by any non-banking
institution of any prospectus or advertisement soliciting deposits of money from
the public; and
(b) specify the conditions subject to which any such prospectus
or advertisement, if not prohibited, may be issued.