Net owned funds requirement for Nidhi companies mandates a minimum capital threshold and government-specified increases. Every Nidhi must maintain Net Owned Funds excluding proceeds of any preference share capital at or above the statutory minimum; the Central Government may prescribe a higher minimum and existing Nidhis must comply within eighteen months of the amendment's commencement.
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Provisions expressly mentioned in the judgment/order text.
Net owned funds requirement for Nidhi companies mandates a minimum capital threshold and government-specified increases.
Every Nidhi must maintain Net Owned Funds excluding proceeds of any preference share capital at or above the statutory minimum; the Central Government may prescribe a higher minimum and existing Nidhis must comply within eighteen months of the amendment's commencement.
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