A Nidhi Company is a kind of non-banking financial business (NBFC) in India that focuses mostly on lending and borrowing among its members. The Nidhi Regulations, 2014, govern Nidhi Corporations...
MORESection 406 of the companies Act 2013 specifies what a Nidhi company is. It is a type of NBFC that is created for the purposes of borrowing and lending between...
MORENidhi Company is a type of NBFC with the purpose of fostering the habit of savings and thrift amongst its members. These companies accept deposits from their members and lend...
MOREIntending to protect the interests of the public, the Ministry of Corporate Affairs has amended rules governing Nidhi companies, whereby it is mandatory for the promoters to meet the Fit...
MOREThe Finance company provides loans or credits to the commercial customers and individuals for various reasons depending upon their needs. The commercial customers may include small businesses, retail stores or...
MOREA Nidhi Company is an NBFC (which does not required RBI approval) that works for its members by accepting deposits and lending funds. One of the most important criteria of...
MOREIn India, the concept of Nidhi Company is emerging as a popular trend, as it the cheapest way to incorporate an NBFC or Non Banking Financial Company. It shall be...
MOREIn India, the process of incorporation of a Nidhi Company requires less capital in comparison to the incorporation of an NBFC. Further, it shall be relevant to mention that a...
MOREIn today’s era, Nidhi Company has come out as a popular source for lending funds. Further, this business structure is most predominant in the Southern Region of India. The main...
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