Nidhi Company

  • Starting a Nidhi Company

    Starting a Nidhi Company in India

    Nidhi Companies is regulated by Secon 406 of Companies Act 2013 and Companies (Nidhi Companies) Rules, 2014 MEANING: Nidhi Company means a company which has been incorporated as a public company with the object of-Culvang the habit of thri and savings amongst its members and receiving deposits from, and...
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    OPERATIONS OF NIDHI COMPANY

    Nidhi Company is a company registered under the Companies Act, 2013, which has a sole objective of cultivating the habit of thrift and savings amongst its members. Nidhi companies are allowed to take a deposit from its members and lend to its members only. Therefore, the funds contributed for...
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