Question

    Recently the Corporate Affairs Ministry has prescribed

    the Net Owned Fund of a Nidhi company to _____?
    A 10 Lakh Correct Answer Incorrect Answer
    B 20 Lakh Correct Answer Incorrect Answer
    C 25 Lakh Correct Answer Incorrect Answer
    D 30 Lakh Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Corporate Affairs Ministry has prescribed doubling the Net Owned Fund of a Nidhi company to ₹20 lakh. Also, minimum paid-up capital requirement has been enhanced to ₹10 lakh as against ₹5 lakh.

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