alleryStart learning →A Nidhi company may announce dividend in a local newspaper if the amount payable to a member is at most
ARs 100
BRs 1,000
CRs 50
DRs 500
Answer & Solution
Correct answer: A. Rs 100
The Nidhi modification to Section 127 treats a local newspaper announcement as sufficient where the member's dividend is one hundred rupees or less.
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