https://www.taxtmi.com/acts?id=18267 Rule 6 enumerates prohibitions on Nidhis: they shall not carry on non-core financial businesses, issue preference shares or any debt instruments, open current accounts for members, acquire or control other companies, accept deposits from or lend to non-members or body corporates, pledge members' assets, enter partnership arrangements for lending/borrowing, solicit deposits by advertisement (except private circulation to members), pay brokerage for mobilisation of deposits, or raise external loans for advancing loans to members; locker rental to members is allowed within a twenty per cent gross income cap. en-us Mon, 31 Mar 2014 18:48:08 +0530 Wed, 18 Mar 2026 16:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18267 Rule 6 enumerates prohibitions on Nidhis: they shall not carry on non-core financial businesses, issue preference shares or any debt instruments, open current accounts for members, acquire or control other companies, accept deposits from or lend to non-members or body corporates, pledge members' assets, enter partnership arrangements for lending/borrowing, solicit deposits by advertisement (except private circulation to members), pay brokerage for mobilisation of deposits, or raise external loans for advancing loans to members; locker rental to members is allowed within a twenty per cent gross income cap. Act-Rules Companies Law Mon, 31 Mar 2014 18:48:08 +0530 https://www.taxtmi.com/acts?id=18267