certificate of registration granted under this section; and (b) [ having net owned fund of not less than two crore rupees or such other higher amount
Reserve Bank of India Act, 1934
45IA. Requirement of registration and net owned fund.—
(1) Notwith-standing anything contained in this Chapter ... certificate of registration issued under this Chapter; and (b) having the net owned fund of twenty-five lakh rupees or such other amount, not exceeding
clause (9) of section 2, shall be registered unless he has net owned funds of not less than rupees five thousand crore
shall not at any time exceed ten times the net-owned funds of the company or the co-operative society, as the case ... Explanation.— For the purposes of this sub-section, “net-owned funds” shall mean the aggregate of the paid-up capital and free reserves as disclosed
Requirement of registration and net owned fund. (1) Notwithstanding anything contained in this Chapter or in any other law for the time being in force ... certificate of registration issued under this Chapter; and (b) having the net owned fund of twenty-five lakh rupees or such other higher amount
capital Free reserves
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Less: Accumulated Losses Other intangible assets (give breakup)
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Net Owned Funds
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7.
Unencumbered Term Deposits
(See rule 14)
(a) (i) deposit ... second preceding month:
(c) Percentage of (a)/(b):
8.
Ratio of Net Owned Funds to Deposits:
Verification
I am authorised by the Board of Directors
Nidhi (name, addresses and occupation of the directors, including DIN); (e) Net profits of Nidhi before and after making provision for tax for the preceding ... latest two audited financial statements as given below: (i) Net Owned Funds (ii) Deposits accepted (iii) Deposits repaid (iv) Deposits claimed but remaining unpaid
financial year are not less than fifty per cent of its net worth and whether it has incurred cash losses in such financial year ... applicable to chit fund have been duly complied with? In respect of nidhi/ mutual benefit fund/societies; (a) whether the net-owned funds to deposit
Nidhi Rules, 2014
5. Requirements for minimum number of members, net owned fund etc.
(1) Every Nidhi shall, within a period of one year [from ... that it has - (a) not less than two hundred members; (b) Net Owned Funds of ten lakh rupees or more; (c) unencumbered term deposits
subjected to legal process or for any other reason; (d) "Net Owned Funds" means the aggregate of paid up equity share capital and free reserves ... issue of preference shares shall not be included for calculating Net Owned Funds. (da) [ "Nidhi" means a company which has been incorporated as a Nidhi
