RIJSS Volume 3, Issue 10 (October. 2014) ISSN: 2250 – 3994 Journal of Radix International Educational and Research Consortium 6 | P age www.rierc.org (2) Conducting any form of chit or Kuri which is different from the type of business referred to in subparagraph) above. (3) Undertaking / carrying on or engaging on or executing any other business similar to the business referred to in subparagraph) and (9.2). 10. Residuary Non-Banking CompanyA company which receives any deposit under any scheme or arrangement, by whatever name called, in one lump-sum or in instalments byway of contributions or subscription or by sale of units of certificates or other instruments or in any other manner and which, according to the definitions contained in the Non-Banking Financial Companies in the (Reserve Bank) Directions, 1977 or the Miscellaneous Non Banking Companies (Reserve Bank) Directions, 1977, as the case maybe, is not i) an equipment leasing company ii) a hire purchase finance company iii) a housing finance company iv) an insurance company van investment company via loan company vii) a mutual benefit financial company, and viii) a miscellaneous non-banking company.
