Section 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...
MORE
Nidhi 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...
MORE
Intending 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...
MORE
The 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...
MORE
A 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...
MORE
In 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...
MORE
In 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...
MORE
In 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...
MORE
BIS ISI Certification for Pressure Cooker – An Overview
Top Differences Between Medical Devices and IVDs – An Overview
BIS Certification for UPS – How to Obtain?
Meaning and Concept of Banking as a Service or BaaS
An Overview of Secretarial Standard-1 on Board Meeting
Permissions and Licenses Required for Making Cosmetics in India
Requirements to Obtain Hallmark for Gold Necklace
Who can apply for CDSCO License?
Complete Guide on Embedded Finance for Fintechs in India
BIS ISI certification for Electrical motors
