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of <h1>Key Terms in Nidhi Rules 2014: Definitions for Assets, Branches, and Companies under Companies Act 2013 Explained.</h1> The Nidhi Rules, 2014, under the Companies Law, provide definitions for terms related to financial assets and Nidhi companies. 'Act' refers to the Companies Act, 2013. A 'Branch' is a location other than a Nidhi's registered office. 'Doubtful Asset' and 'Loss Asset' refer to non-performing borrowal accounts, with the latter being over three years old or expected to face recovery issues. 'Net Owned Funds' are calculated excluding preference share proceeds. A 'Nidhi' is a company promoting thrift among members. 'Non-Performing Asset' is a borrowal account with unpaid dues for 12 months. 'Standard Asset' and 'Sub-Standard Asset' relate to asset performance and risk. Unspecified terms follow definitions in the Act or related rules.
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