Nidhi Company Registration

Ruchita Dang And Associates27 Oct, 2021Business

In a Nidhi company , the members are not considered accountable for the liabilities of the company A Nidhi company is unaffected by departure or death of a member, it is a separate legal person and its existence continues. Its existence is also uninterrupted by the changes in membership. Because of monitoring by the Central Government, Nidhi companies are more credible in comparison to Mutual Benefit Organizations.