TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Rules for Nidhis: Loan Limit Set, Interest Rates to Align with RBI, Compliance Required Within Three Years</h1> The Central Government, under the Companies Act, 1956, has issued directives concerning Nidhis and Mutual Benefit Societies. These entities are prohibited from pledging member securities and are restricted from providing loans or advances exceeding Rs. 7.5 lakhs or 1% of total deposits, whichever is lower. They must maintain a net owned fund and preference share capital of at least Rs. 10 lakhs, with a three-year compliance window. Interest rates on deposits and loans must align with Reserve Bank of India regulations. These rules apply to entities recognized as Nidhis or Mutual Benefit Societies before and after this notification.
TaxTMI 