In exercise of the powers conferred under the sub-section (2) of section 45IB of the Reserve Bank of India Act, 1934 (2 of 1934) for the purpose of ensuring compliance with the maintenance of percentage of assets by non-banking financial companies, the Reserve Bank of India hereby directs that directions contained in Notification DFC(COC) No. 108/ED(JRP)-97 dated April 30, 1997 stand amended with immediate effect as under :

1.

In Form of Quarterly Return II, item 10 shall be substituted by the following namely, -

"10. Information regarding Regularisation of excess Deposits for compliance of Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998

(i)

Net owned fund (as per the
last audited balance sheet
of the company)

(ii)

Capital adequacy ratio (as per the
last audited balance sheet
of the company)

(iii)

Classification of the company
i.e. equipment leasing/hire
purchase finance/loan/
investment company

(iv)

Credit rating for fixed deposits
of the company valid as
on the date of the return

(v)

Public deposits outstanding
as at the close of business
on December 18, 1998

(vi)

Quantum of excess public deposit
held, if any, by the company
as on December 18, 1998

(vii)

Public Deposit outstanding
as on date of this return #

(viii)

Quantum of public deposits
permissible as per the
provisions of Non-Banking
Financial Companies
Acceptance of Public
Deposits (Reserve Bank)
Directions, 1998 as on date
of this return #

(ix)

Quantum of excess public
deposits remaining to be
regularised on the date of
this return #

(x)

Deposits accepted during the
quarter under reference

(xi)

Deposits renewed during the
quarter under reference

(xii)

Deposits matured but
remained unpaid/unrenewed
as on the date of this return #

(xiii)

Steps taken/being taken to
regularise the excess public
deposits within the time frame
permitted under the Directions
(A statement should be enclosed)

# Date of return shall be reckoned with reference to the last working day of the quarter to which the return relates. "