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Net Owned Funds Requirements in Nidhi Company

Posted on by Fastlegal Team

Every Nidhi Company is required to have Minimum Net Owned Funds of Rs. 10Lakh all the time.

Meaning of Net Owned Funds as par Nidhi Rules :

Aggregate Amount of paid up equity share capital and free reserves as reduced by accumulated losses and intangible assets appearing in the last audited balance sheet, provided the amount representing the proceeds of issue of preference share shall not be included for calculating net owned funds.

Fastlegal Team

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