https://www.taxtmi.com/news?id=15551 Rule 15(4) of the Nidhi Rules, 2014 limits permissible loan security to gold, silver and jewellery; immovable property; and specified financial instruments. A proposal to allow income-generating vehicles as hypothecated security for urban lower-income members was considered and rejected because vehicles are not ejusdem generis with the categories listed in the rule. en-us Tue, 02 Feb 2016 18:49:52 +0530 Tue, 02 Feb 2016 18:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15551 Rule 15(4) of the Nidhi Rules, 2014 limits permissible loan security to gold, silver and jewellery; immovable property; and specified financial instruments. A proposal to allow income-generating vehicles as hypothecated security for urban lower-income members was considered and rejected because vehicles are not ejusdem generis with the categories listed in the rule. News - Tue, 02 Feb 2016 18:49:52 +0530 https://www.taxtmi.com/news?id=15551