Section 8: Membership

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

(1) A Nidhi shall not admit a body corporate or trust as a member.

(2) Except as otherwise permitted under these rules, every Nidhi shall ensure that its membership is not reduced to less than two hundred members at any time.

(3) A minor shall not be admitted as a member of Nidhi:

Provided that deposits may be accepted in the name of a minor, if they are made by the natural or legal guardian who is a member of Nidhi.

Where this provision sits

Act	Chapter XXVI - Nidhi Rules, 2014.
Section	8
Marginal note	Membership
Jurisdiction	Central
Status	In force as published by the source

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