Rule 18 - Dividend - Nidhi Rules, 2014

1 [ 18. Dividend. A Nidhi shall not declare dividend exceeding twenty five per cent in a financial year ] ************** NOTES:- 1. Substituted vide Notification No. G.S.R. 301(E) dated 19-04-2022 before it was read as, 18. Dividend.- A Nidhi shall not declare dividend exceeding twenty five per cent. or such higher amount as may be specifically approved by the Regional Director for reasons to be recorded in writing and further subject to the following conditions, namely:- (a) an equal amount is transferred to General Reserve; (b) there has been no default in repayment of matured deposits and interest; and (c) it has complied with all the rules as applicable to Nidhis.