- A person is to be a member once in the company during his/her lifetime.
- A person has to affix his passport size photograph along with self-attested copy of PAN Card and Identity Proof in the Application Form which is mandatory.
- A member can open Saving/Recurring/Fixed Deposit and any other specific deposit account as decided by the company.
- Loan can be granted to the members only.
- Loan to members can be granted against their deposits/gold/properties and other specified securities etc. on sole discretion of the company only.
- At the time of maturity the specimen signature of the member shall be tallied.
- Resident of Rajasthan or person employed in this state or businessman/professionals with their business establishment in this state can become the member of the company.
- The applicant shall not be the member of another Nidhi / Mutual Benefit Company.
- The applicant shall be of major, sound mind and eligible to enter into a contract or agreement.
- The member shall have not been punished for any criminal offence by the any court of law.
- The member shall not be engaged with any other competitor of the company in any manner.
- The member can transfer shares only after he/she/they have completed one year of the membership in the company.
- In case of loss/transfer of Share Certificate the member have to pay Rs. 200/- for reissue of the Share Certificate.
- All the Cheques/DD shall be drawn in favor of “Vaibhav Nidhi India Limited”.
- The company reserves all the rights related to refund/buy back of shares.
- The membership of the applicant can be terminated by the company if any of the information provided by the applicant is found false/wrong and/or if the member does not comply with the terms and conditions of the company.
- The Membership and Shareholding are also subject to the provisions of the Companies Act 2013, Nidhi Company Rules & Regulations and all other applicable rules and regulations in India.
- All the disputes are subject to Jaipur jurisdiction only.
- I/We acknowledge I/We have read and understood the contents of this form, and have been given full opportunity to discuss the implications of this consent of my/our own free will and my/our decision is not based upon representations or advice by representatives of the Company.
Preliminary Terms & Conditions subject to change.