Question
Within one year of incorporation, what should be the
ratio of net owned funds to the deposits for Nidhi companies? Refer to the following information to answer the next 4 questions (Q9 to Q12) Nidhi Company is an NBFC (Non-Banking Financial Company). Nidhi in simple terms means a company which is formed with the object of cultivating the habit of thrift and savings. These are regulated entities and the rules and directions governing Nidhi Companies are issued from time to time. The formation of the Nidhi Company is very easy process. It requires only ____ members out of which 3 members would be the directors. The Nidhi company takes hardly 10-5 days to get registered. Also no. of the documents required for the registration are very less.Solution
Conditions to be satisfied by the Nidhi after incorporation [Rule 5] – Within a period of one year from the date of incorporation – a)   The Nidhi Company should have minimum 200 members: and b)   Net Owned Funds of Nidhi Company should be INR 10 Lakhs or more: and c)   Unencumbered term deposits of not less than 10% of the outstanding deposits; and d)   The ratio of Net Owned Funds to Deposits should not be more than 1:20.
As per the Bharatiya Nagarik Suraksha Sanhita, Section 180, who has the authority to examine orally any person supposed to be acquainted with the facts ...
A person appointed to be an Arbitrator:
According to the Occupational Safety, Health, and Working Conditions Code, 2020, what can an Inspector-cum-Facilitator do if they find an article or su...
To enforce a right of pre-emption, period of limitation is:-
Which one of the following “Orders And Rules “of the CPC provide for “Framing of Issue:
Which of the following pairs is not correctly matched?
As per the Law of Torts nominal damages are awarded by the Court to the plaintiff__________
Any money transferred to the Unpaid Dividend Account of a company which remains unpaid or unclaimed for a period of________________ shall be transferred...
What is the notice period given to a Public servant before instituting a suit against him as per s. 80 of CPC?
In the context of dividend distribution, what is the full form of ECS?
