Nidhi Company can’t deal with chit funds, hire-purchase finance, leasing finance, insurance, or securities business. It is strictly prohibited from accepting deposits from or lending funds to, any other person except members. Number of Members A minimum of seven members is required to start a Nidhi Company out of which three members must be the […]
The dealings of Nidhi Company are restricted to its members only i.e. borrowing from the members and lending to back to them only and hence regarded as the mutual benefit society. Nidhi Companies provides loans at less rates comparatively than Banks. Nidhi Company Registration Nidhi Companies are incorporated as Public Limited Companies with at least 3 […]