https://www.taxtmi.com/news?id=17112 A Nidhi must be a public company maintaining a minimum paid-up equity share capital, is prohibited from issuing preference shares, debentures or any other debt instrument, and may not admit a body corporate or trust as a member. Within one year of the Rules' commencement each Nidhi must meet a minimum membership threshold and maintain Net Owned Funds at or above the prescribed level or any higher amount specified by the Central Government. en-us Sat, 17 Dec 2016 13:15:46 +0530 Sat, 17 Dec 2016 13:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17112 A Nidhi must be a public company maintaining a minimum paid-up equity share capital, is prohibited from issuing preference shares, debentures or any other debt instrument, and may not admit a body corporate or trust as a member. Within one year of the Rules' commencement each Nidhi must meet a minimum membership threshold and maintain Net Owned Funds at or above the prescribed level or any higher amount specified by the Central Government. News - Sat, 17 Dec 2016 13:15:46 +0530 https://www.taxtmi.com/news?id=17112