what is mean by NIDHI company
This query is : Resolved
04 October 2016
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04 October 2016
It's kind of Non-Banking Financial Company with small difference. Nidhi Company is governed by Nidhi Rules, 2014. Nidhi companies are incorporated in the nature of Limited company and hence, they have to comply with two set of norms, one of Public limited company as per Companies Act, 2013 and another is for Nidhi Rules, 2014.
The basic concept of Nidhi is "Principle of Mutuality".Thus Nidhis function for the common benefit advantage of all their Members/Share holders.
The basic concept of Nidhi is "Principle of Mutuality".Thus Nidhis function for the common benefit advantage of all their Members/Share holders.
04 October 2016
Thank you sir
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04 October 2016
https://taxguru.in/company-law/nidhi-company-companies-act-2013.html
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