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Nidhi Company

Learning » Nidhi Company

Aug 09 2021

Difference between Nidhi Company and Chit Funds

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...

Feb 11 2021

Conversion of a Nidhi Company into a Full-Fledged NBFC...

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...

Feb 10 2021

Closure of Nidhi Company: A Legislative Requirement...

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...

Jan 19 2021

Loan and interest of Nidhi Company: A Legislative Requi...

This article throws light about the working of Nidhi Company Loan system and charging of loan and Interest by Nidhi Companies, from the legislative require...

Dec 30 2020

Nidhi Company Registration: A Complete Guide

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...

Feb 11 2019

11 Advantages NBFC in India have over Nidhi Companies...

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...

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Feb 04 2019

Pradhan Mantri Kisan Samman Nidhi Scheme

The Interim Budget for 2019 presented in Parliament by the Government seems to woo the farmers with the monetary support. One such big takeaway of this bud...

Apr 27 2018

Rules Regarding Nidhi Company Setup in India

Legal Structure Nidhi Company Setup shall invest and continue to keep investing, in unencumbered term deposits with a Scheduled commercial bank (other than...

Dec 25 2017

Is Director Salary Allowed in Nidhi Company?

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...

Nov 30 2017

An Overview on Rules Regarding Nidhi Company

Nidhi Company is a type of company which accepts deposits and lend money to its members only. Under this, profit earned by members of the Nidhi Company is...

Nov 15 2017

Maximum Rate Interest Loan by Nidhi Company

As per Companies Act, 2013 interest on a loan made by Nidhi company has been well regulated by MCA and Nidhi company registered under the act cannot charge...

Nov 13 2017

A Complete Guide on How to Register a Nidhi Company...

Nidhi companies accept deposit as well as lend loans only to its member for their mutual benefit. Nidhi Company falls under the category of Non-Banking Fin...

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