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1. They are not permitted to establish chit funds, insurance, or other similar businesses.
2. Nidhi Company is not permitted to issue securities such as preference shares, debentures, and so forth.
3. They are not permitted to open any current accounts with its members.
4 it cannot form a partnership to undertake lending and borrowing activity.
5 it is not permitted to purchase another firm.
The Director of a Nidhi shall serve on the Board of Nidhi for a term of up to 10 years. The Director will be eligible for re-appointment only after two years of not serving as a Director.
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