A Nidhi may open branches, only if it has earned net profits after tax continuously during the preceding three financial years.
b. A Nidhi may open up to three branches within the district.
c. A Nidhi shall not open branches outside the State where its registered office is situated
d. If a Nidhi proposes to open more than three branches within the district or any branch outside the district, it shall obtain the prior permission of the Regional Director.
e. A Nidhi shall not open branches unless financial statement and annual return (up to date) are filed with the Registrar.
