Nidhi Company

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Nidhi Company

Difference between Nidhi Company and Chit Funds

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...

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NBFC Nidhi Company

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

Convert Nidhi Company into a Full-Fledged NBFC Company

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...

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Nidhi Company

Closure of Nidhi Company: A Legislative Requirement...

Closure of Nidhi Company

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...

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Nidhi Company

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

Loan and interest of Nidhi Company

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...

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Nidhi Company

Nidhi Company Registration: A Complete Guide

Nidhi Company Registration

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...

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NBFC Nidhi Company

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

NBFC in India

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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Nidhi Company

Rules Regarding Nidhi Company Setup in India

Nidhi Company Setup

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

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Nidhi Company

Is Director Salary Allowed in Nidhi Company?

Director Salary

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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