Chapter XXVI - Nidhi Rules, 2014.
Central Rules · 201324 provisions
The enactment
| Long title | Chapter XXVI - Nidhi Rules, 2014. |
|---|---|
| Type | Rules |
| Year | 2013 |
| Jurisdiction | Central |
| Ministry | Ministry of Corporate Affairs |
| Status | In force as published by the source |
| Provisions published | 24 |
| Subjects | financial |
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- Section 1 Short title and commencement
- Section 2 Application
- Section 3 Definitions
- Section 4 Incorporation and incidental matters
- Section 5 Requirements for minimum number of members, net owned fund etc
- Section 6 General restrictions or prohibitions
- Section 7 Share capital and allotment
- Section 8 Membership
- Section 9 Net owned funds
- Section 10 Branches
- Section 11 Acceptance of deposits by Nidhis
- Section 12 Application form for deposit
- Section 13 Deposits
- Section 14 Un-encumbered term deposits
- Section 15 Loans
- Section 16 Rate of interest
- Section 17 Rules relating to Directors
- Section 18 Dividend
- Section 19 Auditor
- Section 20 Prudential norms
- Section 21 Filing of half yearly return
- Section 22 Auditor’s certificate
- Section 23 Power to enforce compliance
- Section 24 Penalty for non-compliance
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