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 Ministry of company affairs (MCA) has just lately revised the compliance norms for Nidhi Company. The Ministry has additionally suggested the buyers to confirm the standing of a Nidhi firm from the notification issued by the Centre within the official gazette earlier than making any funding or deposit. What’s a Nidhi Firm? The phrase […]