How much Deposit a Nidhi Company can get From Member | Simplified Deposit Rule 11 Limitation | mycsonline
Introduction The success and survival of a Nidhi Company depends on deposits mobilised from its members. However, since Nidhis are mutual benefit societies, the law places strict limits on how much they can accept and under what conditions. Rule 11 of the Nidhi Rules, 2014, read with subsequent amendments, sets out the framework for acceptance […]