NIDHI COM[ANY TAXATION

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Chartered accountant
57 Points Posted on 12 January 2022

CAN A NIDHI COMPANY ACCEPTS DEPOSIT OR GIVE LOAN OR ACCEPT LOAN REPAYMENT IN CASH IN EXCESS OF RS 20000

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On 12 January 2022 at 14:07 Report
Replies (3)
Quick Summary
This discussion clarifies whether a Nidhi company is permitted to accept cash deposits, provide loans, or receive loan repayments exceeding Rs 20,000. The consensus is a firm 'no', indicating that such transactions are not allowed.

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15 Points Posted on 13 January 2022
No, u can not
1 Reply
On 13 January 2022 at 09:46
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Company Secretary
7085 Points Posted on 14 January 2022
No Not possible
1 Reply
On 14 January 2022 at 20:41
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Chief Accountant
3150 Points Posted on 15 January 2022
No, you can't do that
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On 15 January 2022 at 16:08

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