9 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"] rupees 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”.]
Amendment
1. Substituted by Nidhi (Amendment) Rules, 2022 dated 19th April, 2022
for the words;
“ten lakh”
shall be substituted namely;
“twenty lakh"
2. Inserted Nidhi by (Amendment) Rules, 2022 dated 19th April, 2022