https://www.taxtmi.com/notifications?id=23858 The Central Government prescribes prohibitions and operational limits for companies declared as Nidhi or Mutual Benefit Societies, including restrictions on non-core business activities, branch expansion, membership admissions, new equity issues to non-depositors, financial dealings with non-members, unsecured lending and pledge of member security, limits on deposit mobilization and loan exposure, and a conversion consequence to non-banking financial company status where deposit thresholds are exceeded. en-us Mon, 01 Nov 1999 00:00:00 +0530 Wed, 22 Jun 2011 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=23858 The Central Government prescribes prohibitions and operational limits for companies declared as Nidhi or Mutual Benefit Societies, including restrictions on non-core business activities, branch expansion, membership admissions, new equity issues to non-depositors, financial dealings with non-members, unsecured lending and pledge of member security, limits on deposit mobilization and loan exposure, and a conversion consequence to non-banking financial company status where deposit thresholds are exceeded. Notifications Companies Law Mon, 01 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/notifications?id=23858