Dear All,
What is meant by credit spread in bonds?
Dear All,
Can cash component of the escrow account in the delisting offer process be maintained in an interest bearing account?
Dear All,
What would constitute demonstration of delivering the letter of offer to all
the public shareholders in terms of the proviso to regulation 17(b) of
Delisting Regulations in cases where at least 25% of the public shareholders do not participate in the book building process?
Dear All,
What is the difference between discretionary portfolio management service and non-discretionary portfolio management service?
service management portfolio
Dear All,
What are Index Futures and Index Option Contracts?
Dear All,
Under what circumstances a company registered as a Collective Investment Management Company can raise funds from the public?
registration
Dear All,
Can you tender your shares for buyback if you are not a registered shareholder?
Dear All,
Is there any application fee to be paid by the applicant / CRA?
Hi Sohil!
As per the Nidhi Rules, 2014:
At Incorporation
Rule 4(1) states that a Nidhi shall be a public company and shall have a minimum paid up equity share capital of ten lakh rupees. Therefore, by applying the normal provision a Nidhi Company is required to have minimum number of 7 Members at the time of incorporation.
Post Incorporation
Rule 5(1) states that a Nidhi shall within a period of one year from its incorporation ensure that it has not less than two hundred members.
The conclusion brought down here gives Nidhi Company a time period of one year to achive the minimum limit of 200 Members after its incorporation.
Hope it helps!
Thank You!