Nidhi Company

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

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...

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...

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...

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...

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...

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...