1. Carry on the business of invoice fund, rent purchase finance, leasing finance, insurance or acquisition of;
2. Securities issued by any body corporate;
3. Issue stock, debentures or the other document by any name or in any type whatsoever;
4. Open any accounting with its members;
5. Acquire another company by purchase of securities or management the composition of the Board of administrators of the other company in any manner some or enter into any arrangement for the amendment of its management, unless it's passed a special resolution in its general meeting and additionally obtained the previous approval of the Regional Director having jurisdiction over such Nidhi;
6. Carry on any business aside from the business of borrowing or loaning in its own name: given that Nidhis that have adhered to all or any the provisions of those rules might offer locker facilities on rent to its members subject to the financial gain|income} from such facilities not exceptional twenty per cent of the gross income of the Nidhi at any purpose of your time throughout a yr.
7. Accept deposits from or lend to anyone, aside from its members;
8. Pledge any of the assets lodged by its members as security;
9. Take deposits from or lend cash to any body corporate;
10. Enter into any partnership arrangement in its borrowing or loaning activities;
11. Issue or cause to be issued any advertising in any type for soliciting deposit: given that personal circulation of the main points of mounted deposit Schemes among the members of the Nidhi carrying the words “for personal circulation to members only” shall not be thought-about to be a poster for
12. Ooliciting deposits.
13. Pay any brokerage or incentive for mobilising deposits from members or for preparation of funds or for granting loans.

The word “Nidhi” in Nidhi Company comes from a word form historically which means “treasure”. In its newer context within the Indian monetary sector it refers to any mutual profit society notified by the Central / Union Government as a Nidhi Company. they're created primarily for the motive of cultivating the habit of thrift and savings among their members. The companies doing Nidhi business, viz. borrowing from members and loaning to members solely, square measure acknowledged underneath completely different names like Nidhi, Permanent Fund, profit Funds, Mutual profit Funds and Mutual profit Company. Nidhis(PH-09210773789)square measure additional in style in South Republic of India and square measure extremely localized single workplace establishments. they're mutual profit societies, as a result of their dealings are restricted solely to the members; and membership is proscribed to people. The principal supply of funds is that the contribution from the members. The loans square measure given to the members at comparatively cheap rates for functions like house construction or repairs and square measure usually secured. The deposits mobilized by Nidhis don't seem to be a lot of compared to the organized banking sector. We are fully nidhi software company for long time.visit our blog about how to register nidhi company and details of nidhi company software.