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what is mean by NIDHI company

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(Querist)
04 October 2016 .
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Shishir Nayak

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Shishir Nayak (Expert)
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.
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sheik javid

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sheik javid (Querist)
04 October 2016 Thank you sir
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Sandeep Dharar

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Sandeep Dharar (Expert)
04 October 2016 https://taxguru.in/company-law/nidhi-company-companies-act-2013.html
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