Section 3: In the said rules, in rule 3, after clause (d), the following clause shall be inserted, namely
Nidhi (Amendment) Rules, 2019Central Rules · 2013
‘(da) “Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and which complies with the rules made by the Central Government for regulation of such class of companies.’.