Nidhi Company Registration in India: A Comprehensive Guide
Alisha Joy19 Jun, 2024Business
A NIDHI Company, under Section 406 of the Companies Act, 2013, operates in India's Non-Banking Financial Sector. Governed by NIDHI Rules 2014, it promotes financial responsibility among members by facilitating deposits and loans. Notably, it avoids chit funds, insurance, and leasing businesses.
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