Share capital requirements for Nidhi companies set minimum par value and mandatory share allotment rules for deposit holders. Rule 7 mandates that every Nidhi must issue fully paid-up equity shares of a specified minimum nominal value, subject to stated exemptions. No service ... Summary
Share capital requirements for Nidhi companies set minimum par value and mandatory share allotment rules for deposit holders.
Rule 7 mandates that every Nidhi must issue fully paid-up equity shares of a specified minimum nominal value, subject to stated exemptions. No service charge may be levied for the issue of shares. Every Nidhi must allot to each deposit holder at least a minimum number of equity shares or shares equivalent to a prescribed minimum value, with a lower holding requirement for savings and recurring deposit account holders.
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