Membership

Every person who makes an application and subscribes to the Share Capital of the company, shall become a member provided that the numbers of equity shares issued are not less than the nominal value of hundred rupees .

Deposits

1.Saving Deposit Account
2. Recurring Deposit Account
3. Fixed Deposit Account
4. General Rules Relating to deposit Account(s)

02

Loans

1. Gold, Silver and Jewellery
2. Immovable property
3. Fixed deposit receipts, National saving Certificates, other Government Securities and Insurance policies

03

Locker Facility

The members of the company can avail the facility of Locker on “First Come First Serve’ basis. For the safety of the valuables and documents of the members, the company provides a safe and trustworthy space at reasonable annual rent (payable in advance).

04

Membership

 

MEMBERSHIP:
Every person who makes an application and subscribes to the share capital of Noble Prime Nidhi Limited shall become a member provided that the number of equity shares issued are not less than the nominal value of hundred rupees i.e. ten equity share of ten rupees each. The NPNL shall allot to each deposit holder, who shall be a member, at least a minimum of ten equity shares or shares equivalent to one hundred rupees. A minor shall not be admitted as a member of NPNL however any deposit may be accepted in the name of a minor, if they are made by the natural or legal guardian who is a member of the company .An individual may be admitted as a member of the company if he is an adult and competent to contract. The individual or persons should not be engaged in a business competing with or conflicting to the business of the company. Membership shall be granted by the board of directors or any person/ committee authorized by the board to the individual who has subscribed to and fully paid for at least ten share of the NPNL and his/her application has been duly approved by the board of directors. Any person who is willing to be a borrower of the NPNL is required to be enrolled as a member. The individual or the person should be willing to use the services of the NPNL and ready to abide by the provisions of Companies Act, 2013, Nidhi Rules 2014, regulations of the company and any other law for the time being in force. Every person admitted as a member shall be entitled to receive a share certificate stating the number of shares, face value of a share and their distinctive numbers. The share certificate shall bear the seal of the NPNL. A member may nominate any person to receive the member’s interest in the NPNL after his/her death. Nomination can be revoked and fresh nomination can be made any number of times after due intimation in writing to the NPNL and on payment of prescribed fee for every nomination after initial nomination.
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