https://www.taxtmi.com/article/detailed?id=10082 The rules establish a regulatory framework for Nidhi companies: they must be public limited companies named 'Nidhi Limited', accept deposits from and lend only to members, meet membership and Net Owned Funds thresholds and prescribed fund-deposit ratios, file specified statutory returns, disclose detailed deposit application and financial information, restrict activities and branching, limit loans to members with defined securities, tenors and interest rate caps, recognise income on non performing assets only on realisation, and comply with governance, audit and penalty provisions enforced by the Registrar, Regional Director and Central Government. en-us Sat, 20 Nov 2021 09:58:15 +0530 Sat, 20 Nov 2021 09:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10082 The rules establish a regulatory framework for Nidhi companies: they must be public limited companies named 'Nidhi Limited', accept deposits from and lend only to members, meet membership and Net Owned Funds thresholds and prescribed fund-deposit ratios, file specified statutory returns, disclose detailed deposit application and financial information, restrict activities and branching, limit loans to members with defined securities, tenors and interest rate caps, recognise income on non performing assets only on realisation, and comply with governance, audit and penalty provisions enforced by the Registrar, Regional Director and Central Government. Articles Corporate Laws / IBC / SEBI Sat, 20 Nov 2021 09:58:15 +0530 https://www.taxtmi.com/article/detailed?id=10082