Section 18: Dividend

Chapter XXVI - Nidhi Rules, 2014.Central Rules · 2013

A Nidhi shall not declare dividend exceeding twenty five per cent or such higher amount as may be specifically approved by the Regional Director for reasons to be recorded in writing and further subject to the following conditions, namely:—

(a) an equal amount is transferred to General Reserve;

(b) there has been no default in repayment of matured deposits and interest; and

Where this provision sits

Act	Chapter XXVI - Nidhi Rules, 2014.
Section	18
Marginal note	Dividend
Jurisdiction	Central
Status	In force as published by the source

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