https://www.taxtmi.com/acts?id=18272 Nidhi companies must limit acceptance of deposits to a prescribed multiple of their Net Owned Funds per the latest audited financial statements. Companies existing on or before 26 July 2001 that exceed the prescribed multiple must restore compliance by increasing Net Owned Funds or reducing deposits according to a phased timetable based on their current ratio. These companies shall not accept fresh deposits or renew existing deposits if such action would violate the prescribed ratio. The ratio requirement also governs incremental deposits. en-us Mon, 31 Mar 2014 18:50:33 +0530 Wed, 18 Mar 2026 17:22:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18272 Nidhi companies must limit acceptance of deposits to a prescribed multiple of their Net Owned Funds per the latest audited financial statements. Companies existing on or before 26 July 2001 that exceed the prescribed multiple must restore compliance by increasing Net Owned Funds or reducing deposits according to a phased timetable based on their current ratio. These companies shall not accept fresh deposits or renew existing deposits if such action would violate the prescribed ratio. The ratio requirement also governs incremental deposits. Act-Rules Companies Law Mon, 31 Mar 2014 18:50:33 +0530 https://www.taxtmi.com/acts?id=18272