https://www.taxtmi.com/acts?id=18264 Definitions prescribe that a Nidhi is a member-based savings and lending company complying with Central Government rules; Net Owned Funds equals paid-up equity and free reserves less accumulated losses and intangibles, excluding proceeds from preference shares. Lending exposures are classified as Standard, Sub-Standard, Doubtful and Loss assets by reference to repayment performance and recovery prospects, with reschedulement or renegotiation not altering classification unless satisfactory performance follows the restructure. Undefined terms adopt meanings from the Companies Act and related rules. en-us Mon, 31 Mar 2014 18:46:36 +0530 Wed, 18 Mar 2026 15:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18264 Definitions prescribe that a Nidhi is a member-based savings and lending company complying with Central Government rules; Net Owned Funds equals paid-up equity and free reserves less accumulated losses and intangibles, excluding proceeds from preference shares. Lending exposures are classified as Standard, Sub-Standard, Doubtful and Loss assets by reference to repayment performance and recovery prospects, with reschedulement or renegotiation not altering classification unless satisfactory performance follows the restructure. Undefined terms adopt meanings from the Companies Act and related rules. Act-Rules Companies Law Mon, 31 Mar 2014 18:46:36 +0530 https://www.taxtmi.com/acts?id=18264