It shall be incorporated as a Public Limited Company.
There should be a minimum of 7 shareholders, 3 directors, and Rs.10,00,000 Capital (Equity).
The objective should remain the same i.e. lending-borrowing among the members.
It should have the last word “Nidhi Limited” as part of its name.
It should have no less than two hundred members.
Net Owned Funds should be more than Rs. 10 Lakhs or more.
Unencumbered term deposits of not less than ten percent of the outstanding deposits.
The ratio of Net Owned Funds to deposits of not more than 1:20.
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