https://www.taxtmi.com/article/detailed?id=11477 A Nidhi company must accept deposits from and lend only to its members, subject to membership, capital and net-owned-funds thresholds. Deposits are limited relative to Net Owned Funds and confined to savings, fixed and recurring types with specified balance, interest-rate and tenure limits and rules on premature repayment and foreclosure. Loans are available only to members, limited by the company's aggregate deposits and capped by product: gold loans (one-year term), immovable-property loans (loan-to-value and seven-year tenor limits) and loans against fixed-income instruments subject to pledge and maturity constraints. Deposit aggregates are measured from the last audited financial statements. en-us Thu, 08 Jun 2023 11:22:58 +0530 Thu, 08 Jun 2023 11:22:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11477 A Nidhi company must accept deposits from and lend only to its members, subject to membership, capital and net-owned-funds thresholds. Deposits are limited relative to Net Owned Funds and confined to savings, fixed and recurring types with specified balance, interest-rate and tenure limits and rules on premature repayment and foreclosure. Loans are available only to members, limited by the company's aggregate deposits and capped by product: gold loans (one-year term), immovable-property loans (loan-to-value and seven-year tenor limits) and loans against fixed-income instruments subject to pledge and maturity constraints. Deposit aggregates are measured from the last audited financial statements. Articles Corporate Laws / IBC / SEBI Thu, 08 Jun 2023 11:22:58 +0530 https://www.taxtmi.com/article/detailed?id=11477