https://www.taxtmi.com/article/detailed?id=5698 Nidhi Rules create a dedicated regime for companies formed to receive deposits from and lend only to members, prescribing public company status, minimum equity share requirements and mandatory allotment to depositors; they mandate maintenance of specified Net Owned Funds, limits on deposits and individual member loans, permitted securities, interest rate ceilings, mandatory unencumbered investments, prohibitions on non member business and debt issuance, branch opening controls, certified statutory returns, and administrative enforcement including appointment of special officers and financial penalties for breaches. en-us Wed, 02 Jul 2014 08:56:25 +0530 Wed, 02 Jul 2014 08:56:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5698 Nidhi Rules create a dedicated regime for companies formed to receive deposits from and lend only to members, prescribing public company status, minimum equity share requirements and mandatory allotment to depositors; they mandate maintenance of specified Net Owned Funds, limits on deposits and individual member loans, permitted securities, interest rate ceilings, mandatory unencumbered investments, prohibitions on non member business and debt issuance, branch opening controls, certified statutory returns, and administrative enforcement including appointment of special officers and financial penalties for breaches. Articles Corporate Laws / IBC / SEBI Wed, 02 Jul 2014 08:56:25 +0530 https://www.taxtmi.com/article/detailed?id=5698