Reserve Bank of India Act, 1934
45NA. Deposits not to be solicited by unauthorized persons
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 authorized in writing by the said non-banking
institution to do so and specifies the name of the institution which has so
authorized 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.