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    • Cannot lend any unsecured loan

      • Before moving forward, the golden rule for loans is that a Nidhi Company cannot lend any unsecured loan. Further, it can only give loan against the securities mentioned in the law.
      taxguru.in/company-law/loan-nidhi-company-india-practical-aspect.html

      All about Loan under Nidhi Company in India – Practical Aspect

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  3. cleartax.in › s › compliance-requirements-loansCompliance Requirements and Loans Under Nidhi Companies

    Jun 14, 2024 · Can Nidhi company grant loans against securities? Yes. A Nidhi company can grant loans against securities like Fixed Deposits Receipts, National Saving Certificate (NSC), Insurance Policies and other government securities.

  4. taxguru.in › company-law › loan-nidhi-company-indiaAll about Loan under Nidhi Company in India – Practical Aspect

    Mar 21, 2017 · A Nidhi Company can advance loan against the following securities: #Security No.1 – Gold, Silver and Jewellery: This type of loan is very popular among the community and is popularly known as gold loan.

  5. corpbiz.io › learning › nidhi-company-rules-andA Guide to Nidhi Company Rules and Regulations - Corpbiz

    Jun 24, 2020 · A Nidhi Company can also grant loans against securities like National Saving Certificates, Fixed Deposits Receipts, Insurance Policies, as well as other Government Securities. Such securities must get pledged with Nidhi, and they shall not witness lows beyond the loan period or one year; the earlier one would get considered first.

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  7. taxguru.in › company-law › restrictions-loans-nidhiRestrictions on loans given by Nidhi Companies - Tax Guru

    May 4, 2020 · Only secured loans can be given to the members. It shall not pay any brokerage or incentive for deployment of funds or for granting loans. II. SECURITY AGAINST SUCH LOANS: gold, silver and jewellery; immovable property; fixed deposit receipts, National Savings Certificates, other Government Securities and insurance policies. III.

  8. support.taxaj.com › portal › enGuidelines & Compliances for a Nidhi Company in India

    Can Nidhi company grant loans against securities? Yes. A Nidhi company can grant loans against securities like Fixed Deposits Receipts, National Saving Certificate (NSC), Insurance Policies and other government securities.

  9. taxguru.in › company-law › nidhi-company-lendingNidhi Company: Lending, Deposits, Interest Rate, Rules ...

    Jun 7, 2023 · Nidhi company will not be eligible for any further loans if they have previously borrowed from the Nidhi and defaulted on repayment. 2. Securities for loan. A loan to its members can be sanctioned against security. However, the limited asset is considered as a security. These are as follows

  10. www.hubco.in › articles › nidhi-company-in-india-allNidhi Company in India – All rules and regulations as per MCA ...

    Nov 21, 2017 · Loan against securities. Before moving forward, the golden rule for loans is that a Nidhi Company cannot lend any unsecured loan. Further, it can only give loan against the securities mentioned in the law. A Nidhi Company can advance loan against the following securities: