What is the difference between Chit Fund & Nidhi Company?
This article discusses the basic difference between chit fund & Nidhi company. First, let us give a basic understanding as to what is a Chit Fund...
5 Things To Keep In Mind Before Starting A Nidhi Company
The Ministry of corporate affairs (MCA) has recently tightened the compliance norms for Nidhi companies. The Ministry has also advised investors to verify the...
Benefits of Starting a Nidhi Company
The central goal behind establishing a Nidhi Company is to encourage its members to save so that they can meet their financial requirements which...
Requirements for a “Nidhi Company Incorporation”
Given below are the essential conditions that must be met for registering or operating a Nidhi Company. Requirement before Registration Minimum number of shareholders...
Procedure for Nidhi Company Registration
Though the process of registering a Nidhi Company is simple, still, assistance from a professional is advised for the completion of various complex forms...
A Complete Guide to Nidhi Company
Introduction- Nidhi Company “Nidhi” is defined as a company which has been incorporated as a Nidhi Company with the following objectives: To cultivate the habit of thrift and savings...
Restrictions on Nidhi Companies
As per Rule 6 of Nidhi rules 2014, a Nidhi Company cannot perform the following activities: Conduct the business of chit fund, leasing finance,...
Prerequisites For Forming a Nidhi Company
To establish a Nidhi Company, the following criteria must be met: The company must have the suffix “Nidhi Limited” in its name The company...
When and how can any Nidhi company create other branches?
1. Any Nidhi company can open its branches only if it is in profit for 3 years and is following the Nidhi rule properly.2. A Nidhi...
