Rule - 9, Net Owned Funds
Rule - 9, Net Owned Funds
Net Owned Funds.
Every Nidhi shall maintain Net Owned Funds (excluding the proceeds of any preference share capital) of not less than 1[twenty lakh] or such higher amount as the Central Government may specify from time to time.
2[Provided that every Nidhi existing as on the date of commencement of the Nidhi (Amendment) Rules,2022 shall comply with this requirement within a period of eighteen months from the date of such commencement.]
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