https://www.taxtmi.com/acts?id=18271 A Nidhi may open branches only after earning net profits after tax for three consecutive financial years, may open up to three branches within the district, and must obtain prior Regional Director permission in Form NDH-2 with fee for more than three intra-district branches or any branch outside the district; no branches may be opened outside the State of the registered office. Branches cannot be closed without Board approval addressing deposits and loans and prior Regional Director approval in Form NDH-2; after approval the Nidhi must publish a vernacular advertisement, post notices for thirty days and intimate the Registrar in Form NDH-2. en-us Mon, 31 Mar 2014 18:50:05 +0530 Wed, 18 Mar 2026 16:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18271 A Nidhi may open branches only after earning net profits after tax for three consecutive financial years, may open up to three branches within the district, and must obtain prior Regional Director permission in Form NDH-2 with fee for more than three intra-district branches or any branch outside the district; no branches may be opened outside the State of the registered office. Branches cannot be closed without Board approval addressing deposits and loans and prior Regional Director approval in Form NDH-2; after approval the Nidhi must publish a vernacular advertisement, post notices for thirty days and intimate the Registrar in Form NDH-2. Act-Rules Companies Law Mon, 31 Mar 2014 18:50:05 +0530 https://www.taxtmi.com/acts?id=18271