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.
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