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The essential difference between Nidhi Company and Chit Funds is discussed in this article. Let’s start with a fundamental knowledge of what a Chit Fund...
The article speaks about the conversion process from a Nidhi company into a full fledged NBFC Company. Nidhi Company carries out business of lending and bo...
The article explains the closure of Nidhi Company. Like every other Company, the Nidhi Company can be wound up by its members. Nidhi Company is characteriz...
This article throws light on the working of the Nidhi Company Loan system and the charging of loans and Interest by Nidhi Companies from the legislative re...
A Nidhi Company is a company that has been recognized under section 406 of the Companies Act 2013. It belongs to the non-banking Indian Finance Sector and...
NBFC in India and Nidhi companies are seen to be functioning at larger and smaller platforms respectively. However, from the expert’s point of view, NBFC...
Legal Structure Nidhi Company Setup shall invest and continue to keep investing, in unencumbered term deposits with a Scheduled commercial bank (other than...
Section 406 of the Companies Act 2013 deals with the Act in relation to an application to Nidhi. Nidhi means a company which has been incorporated into an...
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On January 16, 2025, the Reserve Bank of India (RBI) released the list of Non-Banking Financial...
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The Reserve Bank of India, on April 11, 2025, posted a Press Release No. 2025-2026/96 on their...
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