- is a non-banking institution, being a company,
- which receives any deposit under any scheme or arrangement, by whatever name called,
- in one lump-sum or in installments by way of contributions or subscriptions or by sale of units or certificates or other instruments, or in any other manner and
- which, according to the definitions in the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998 or, as the case may be, the Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977 is not
i) an equipment leasing company;ii) a hire purchase finance company;iii) a housing finance company;iv) an insurance company;v) an investment company;vi) a loan company;vii) a mutual benefit financial company and;viii) a miscellaneous non-banking company;ix) a mutual benefit company.