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NIDHI COMPANY TOPICS POINTS a. Nidhi co.-accpet deposit only from members and give loan only to its members. 1 b. Nidhi co is a microfinance co. and it is a public co. . Conditions to be fulfilled by Nidhi co. :a. Only issue- Equity shares. i.e no preference shares can be issued. b. Net Owned Fund(NOF)=PUESC+FR-Accumulated losses-Intangible assets. c. PUSC > 5 Lacs d. NOF > 10Lacs e. DEPOSITS < 20 * NOF f. Number of Members > 200 members. Unencumbered term deposit with scheduled bank/post office saving bank > 10% of total deposit