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Chapter 42
Nidhi Rules, 2014
24 rules (1–24)
- 1Short title and commencement
- 2Application
- 3Definitions
- 4Incorporation and incidental matters
- 5Requirements for minimum number of members, net owned fund etc
- 6General restrictions or prohibitions
- 7Share capital and allotment
- 8Membership
- 9Net owned funds
- 10Branches
- 11Acceptance of deposits by Nidhis
- 12Application form for deposit
- 13Deposits
- 14Un-encumbered term deposits
- 15Loans
- 16Rate of interest
- 17Rules relating to Directors
- 18Dividend
- 19Auditor
- 20Prudential norms
- 21Filing of half yearly return
- 22Auditor’s certificate
- 23Power to enforce compliance
- 24Penalty for non-compliance